5,498 Shares in Belden Inc. (NYSE:BDC) Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new stake in Belden Inc. (NYSE:BDC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,498 shares of the industrial products company’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BDC. Tidal Investments LLC lifted its stake in shares of Belden by 198.4% in the first quarter. Tidal Investments LLC now owns 12,286 shares of the industrial products company’s stock worth $1,138,000 after buying an additional 8,169 shares in the last quarter. Gendell Jeffrey L raised its holdings in Belden by 59.0% in the 4th quarter. Gendell Jeffrey L now owns 53,882 shares of the industrial products company’s stock valued at $4,162,000 after acquiring an additional 20,000 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Belden by 8.0% in the 1st quarter. First Eagle Investment Management LLC now owns 99,291 shares of the industrial products company’s stock worth $9,195,000 after purchasing an additional 7,340 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Belden by 17.9% during the 4th quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock worth $76,113,000 after purchasing an additional 149,263 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Belden by 1,724.8% in the first quarter. Public Employees Retirement Association of Colorado now owns 104,214 shares of the industrial products company’s stock valued at $9,651,000 after purchasing an additional 98,503 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BDC shares. Vertical Research assumed coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective on the stock. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Truist Financial upped their price objective on shares of Belden from $123.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Loop Capital lifted their target price on shares of Belden from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Benchmark boosted their target price on shares of Belden from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.67.

Insider Transactions at Belden

In related news, SVP Brian Edward Anderson sold 6,556 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.46, for a total value of $658,615.76. Following the sale, the senior vice president now owns 32,829 shares in the company, valued at approximately $3,298,001.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Brian Edward Anderson sold 6,556 shares of Belden stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total value of $658,615.76. Following the completion of the transaction, the senior vice president now owns 32,829 shares in the company, valued at $3,298,001.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Lieser sold 819 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total transaction of $74,741.94. Following the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The disclosure for this sale can be found here. Insiders sold a total of 11,137 shares of company stock worth $1,095,457 over the last ninety days. Company insiders own 1.59% of the company’s stock.

Belden Stock Down 0.2 %

Shares of BDC opened at $99.31 on Wednesday. The company’s 50-day moving average price is $97.92 and its 200 day moving average price is $93.05. Belden Inc. has a 12-month low of $60.54 and a 12-month high of $108.64. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.95. The firm has a market cap of $4.04 billion, a P/E ratio of 19.43 and a beta of 1.07.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The business had revenue of $604.34 million for the quarter, compared to the consensus estimate of $574.32 million. Belden had a net margin of 8.51% and a return on equity of 21.13%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. On average, sell-side analysts forecast that Belden Inc. will post 6.04 earnings per share for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, September 12th. Belden’s dividend payout ratio (DPR) is 3.91%.

Belden Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.