Virtu Financial LLC acquired a new stake in Belden Inc. (NYSE:BDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,465 shares of the industrial products company’s stock, valued at approximately $267,000.
A number of other hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Belden by 41.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 718 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 2,229 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of Belden during the 3rd quarter worth $224,000. Crossmark Global Holdings Inc. purchased a new position in shares of Belden during the 3rd quarter worth $304,000. Finally, FDx Advisors Inc. purchased a new position in shares of Belden during the 3rd quarter worth $305,000.
Several research analysts have recently commented on BDC shares. Cross Research upgraded Belden from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Belden from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Guggenheim reiterated a “buy” rating and set a $90.00 price target on shares of Belden in a report on Wednesday, December 6th. Canaccord Genuity restated a “buy” rating and issued a $94.00 price objective on shares of Belden in a report on Friday, December 1st. Finally, ValuEngine lowered shares of Belden from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities 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 company. The company currently has an average rating of “Hold” and a consensus price target of $93.00.
In related news, SVP Ross Rosenberg sold 779 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $75.00, for a total value of $58,425.00. Following the sale, the senior vice president now directly owns 5,329 shares in the company, valued at approximately $399,675. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.31% of the stock is currently owned by insiders.
Shares of Belden Inc. (BDC) opened at $77.17 on Friday. The stock has a market cap of $3,225.72, a PE ratio of 14.46 and a beta of 2.34. Belden Inc. has a fifty-two week low of $64.60 and a fifty-two week high of $87.14. 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 (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 the consensus estimate of $1.77 by ($0.15). The company had revenue of $604.88 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. equities analysts predict that Belden Inc. will post 6.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 0.26%. Belden’s dividend payout ratio (DPR) is currently 14.60%.
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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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