Pacer Advisors Inc. Purchases 295 Shares of Belden Inc. (NYSE:BDC)

Pacer Advisors Inc. lifted its position in Belden Inc. (NYSE:BDC) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,973 shares of the industrial products company’s stock after buying an additional 295 shares during the period. Pacer Advisors Inc.’s holdings in Belden were worth $785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BDC. Matrix Trust Co bought a new position in Belden during the third quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in shares of Belden by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Belden in the 3rd quarter worth $33,000. First Horizon Advisors Inc. raised its holdings in Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares during the period. Finally, KBC Group NV increased its holdings in Belden by 27.8% in the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Transactions at Belden

In other news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the completion of the transaction, the chief accounting officer now owns 6,643 shares in the company, valued at approximately $855,751.26. The trade was a 31.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.59% of the company’s stock.

Belden Stock Performance

NYSE BDC opened at $113.41 on Tuesday. The stock has a market capitalization of $4.57 billion, a PE ratio of 26.37 and a beta of 1.08. The business has a 50 day simple moving average of $117.80 and a two-hundred day simple moving average of $112.54. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. Belden Inc. has a 1-year low of $72.91 and a 1-year high of $131.82.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Thursday, December 12th. Belden’s dividend payout ratio (DPR) is 4.65%.

Wall Street Analysts Forecast Growth

BDC has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Friday, January 24th. Finally, StockNews.com downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Belden has an average rating of “Buy” and an average price target of $122.75.

About Belden

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.