Invictus RG decreased its holdings in shares of Belden Inc. (NYSE:BDC) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,208 shares of the industrial products company’s stock after selling 815 shares during the quarter. Invictus RG’s holdings in Belden were worth $325,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Belden by 41.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 718 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Belden in the fourth quarter worth $197,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Belden by 550.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 2,229 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Belden in the third quarter worth $224,000. Finally, Virtu Financial LLC bought a new stake in Belden during the fourth quarter worth $267,000.
In other news, SVP Ross Rosenberg sold 779 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $75.00, for a total transaction of $58,425.00. Following the completion of the sale, the senior vice president now owns 5,329 shares of the company’s stock, valued at approximately $399,675. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.31% of the company’s stock.
Belden Inc. (NYSE:BDC) traded down $0.59 during mid-day trading on Wednesday, hitting $76.67. 144,266 shares of the stock were exchanged, compared to its average volume of 358,705. The company has a market capitalization of $3,272.68, a PE ratio of 55.96 and a beta of 2.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.58. Belden Inc. has a 52-week low of $64.60 and a 52-week high of $87.14.
Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.15). The business had revenue of $604.88 million during the quarter, compared to the consensus estimate of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. sell-side analysts forecast that Belden Inc. will post 6.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, March 14th. Belden’s dividend payout ratio is presently 14.60%.
BDC has been the topic of several analyst reports. Cross Research raised shares of Belden from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. ValuEngine downgraded shares of Belden from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Belden from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Canaccord Genuity reiterated a “buy” rating and issued a $94.00 price objective on shares of Belden in a report on Friday, December 1st. Finally, Stifel Nicolaus upped their price objective on shares of Belden from $90.00 to $97.00 and gave the company an “in-line” rating in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $93.00.
Belden Company Profile
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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