4,913 Shares in Belden Inc $BDC Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Belden Inc (NYSE:BDC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,913 shares of the industrial products company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares during the period. Employees Retirement System of Texas bought a new position in Belden during the 2nd quarter worth approximately $52,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Belden in the second quarter worth $58,000. Osaic Holdings Inc. boosted its holdings in shares of Belden by 40.7% during the second quarter. Osaic Holdings Inc. now owns 581 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 168 shares during the period. Finally, CWM LLC grew its position in shares of Belden by 83.7% in the 2nd quarter. CWM LLC now owns 922 shares of the industrial products company’s stock worth $107,000 after buying an additional 420 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Stock Performance

Shares of NYSE:BDC opened at $125.41 on Wednesday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 22.27 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.77. The firm has a 50 day moving average of $118.21 and a 200 day moving average of $120.52.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, December 11th. Belden’s payout ratio is 3.55%.

Insider Buying and Selling at Belden

In related news, SVP Hiran Bhadra sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $120.00, for a total transaction of $192,000.00. Following the sale, the senior vice president directly owned 26,119 shares of the company’s stock, valued at $3,134,280. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Doug Zink sold 4,000 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $125.00, for a total value of $500,000.00. Following the completion of the transaction, the chief accounting officer directly owned 4,642 shares in the company, valued at $580,250. This trade represents a 46.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,154 shares of company stock valued at $1,371,050. Insiders own 1.48% of the company’s stock.

Analysts Set New Price Targets

BDC has been the topic of a number of research reports. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Truist Financial boosted their price target on Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Belden has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Belden Company Profile

Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.