Jane Street Group LLC Has $2.72 Million Stake in Belden Inc. (NYSE:BDC)

Jane Street Group LLC lowered its holdings in shares of Belden Inc. (NYSE:BDC) by 72.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,229 shares of the industrial products company’s stock after selling 60,271 shares during the period. Jane Street Group LLC owned about 0.06% of Belden worth $2,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wolverine Trading LLC raised its position in Belden by 135.2% in the third quarter. Wolverine Trading LLC now owns 1,794 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 6,894 shares in the last quarter. State Street Corp raised its holdings in shares of Belden by 6.8% in the 3rd quarter. State Street Corp now owns 1,574,784 shares of the industrial products company’s stock worth $184,532,000 after buying an additional 100,145 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Belden by 34.1% during the 3rd quarter. Janus Henderson Group PLC now owns 34,635 shares of the industrial products company’s stock worth $4,055,000 after buying an additional 8,805 shares during the period. HighTower Advisors LLC boosted its stake in Belden by 13.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,428 shares of the industrial products company’s stock valued at $402,000 after buying an additional 397 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Belden by 38.2% in the third quarter. Captrust Financial Advisors now owns 5,411 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 1,497 shares during the period. Institutional investors own 98.75% of the company’s stock.

Belden Price Performance

Shares of BDC stock opened at $113.74 on Friday. Belden Inc. has a 52 week low of $71.20 and a 52 week high of $131.82. The stock has a market capitalization of $4.59 billion, a PE ratio of 26.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.43 and a current ratio of 2.07. The stock’s fifty day moving average is $120.51 and its 200-day moving average is $107.63.

Belden (NYSE:BDC) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.09. Belden had a net margin of 7.61% and a return on equity of 20.55%. The company had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. During the same period in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that Belden Inc. will post 6.12 EPS for the current fiscal year.

Belden Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Benchmark lifted their price objective on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Belden has a consensus rating of “Buy” and a consensus price target of $122.75.

Insider Transactions at Belden

In related news, CAO Doug Zink sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 6,643 shares in the company, valued at approximately $855,751.26. This represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.59% of the stock is currently owned by corporate insiders.

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.