3,282 Shares in Belden Inc. (NYSE:BDC) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in Belden Inc. (NYSE:BDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,282 shares of the industrial products company’s stock, valued at approximately $370,000.

A number of other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. lifted its position in shares of Belden by 9.6% in the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after buying an additional 105 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Belden by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company’s stock worth $257,000 after buying an additional 116 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Belden by 1.1% in the fourth quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company’s stock worth $1,334,000 after buying an additional 129 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 199 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 209 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Belden news, SVP Leah Tate sold 2,400 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the sale, the senior vice president now directly owns 23,243 shares of the company’s stock, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,428 shares of company stock worth $2,589,774 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Belden Stock Down 0.8 %

Shares of NYSE:BDC opened at $101.91 on Friday. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The stock has a market cap of $4.10 billion, a P/E ratio of 21.19 and a beta of 1.02. The business’s 50 day moving average is $111.47 and its 200 day moving average is $114.74. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Sell-side analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. Belden’s dividend payout ratio is currently 4.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BDC shares. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. Loop Capital decreased their price objective on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Belden presently has a consensus rating of “Buy” and an average price target of $130.25.

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.