Atria Investments Inc Trims Stake in Belden Inc. (NYSE:BDC)

Atria Investments Inc trimmed its holdings in shares of Belden Inc. (NYSE:BDC) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,888 shares of the industrial products company’s stock after selling 1,452 shares during the quarter. Atria Investments Inc’s holdings in Belden were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Prospera Private Wealth LLC purchased a new stake in Belden during the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. boosted its holdings in Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 199 shares during the period. Principal Securities Inc. raised its position in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 105 shares during the last quarter. Finally, KBC Group NV raised its position in Belden by 27.8% during the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 274 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Stock Performance

Shares of BDC opened at $101.55 on Friday. The business’s fifty day simple moving average is $112.64 and its two-hundred day simple moving average is $114.82. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 21.11 and a beta of 1.02.

Belden (NYSE:BDC) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating 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%. Research analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Belden’s dividend payout ratio (DPR) is currently 4.16%.

Analysts Set New Price Targets

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

Insider Transactions at Belden

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

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.