2,436 Shares in Belden Inc. (NYSE:BDC) Acquired by Aristides Capital LLC

Aristides Capital LLC bought a new stake in Belden Inc. (NYSE:BDC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,436 shares of the industrial products company’s stock, valued at approximately $228,000.

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

Insider Transactions at Belden

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

Belden Stock Performance

NYSE:BDC opened at $117.13 on Tuesday. Belden Inc. has a twelve month low of $60.54 and a twelve month high of $118.26. The company has a market cap of $4.76 billion, a P/E ratio of 22.92 and a beta of 1.07. 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 company’s 50-day moving average price is $102.40 and its 200-day moving average price is $95.32.

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

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, September 12th. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Analysts Set New Price Targets

BDC has been the subject of a number of recent analyst reports. Vertical Research initiated coverage on shares of Belden in a report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective for the company. Benchmark upped their price target on Belden from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, Truist Financial boosted their price target on shares of Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Belden has an average rating of “Moderate Buy” and an average price target of $112.00.

Belden Company 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.