Jane Street Group LLC grew its stake in shares of Belden (NYSE:BDC) by 145.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,518 shares of the industrial products company’s stock after acquiring an additional 7,424 shares during the quarter. Jane Street Group LLC’s holdings in Belden were worth $966,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Belden by 41.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,462 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 718 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Belden during the fourth quarter valued at $197,000. Zeke Capital Advisors LLC bought a new position in shares of Belden during the fourth quarter valued at $202,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Belden by 550.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock valued at $212,000 after acquiring an additional 2,229 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Belden during the third quarter valued at $224,000.
Several brokerages have recently weighed in on BDC. Stifel Nicolaus restated a “buy” rating and set a $90.00 price target on shares of Belden in a report on Friday. SunTrust Banks upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, March 26th. ValuEngine downgraded Belden from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Canaccord Genuity reiterated a “buy” rating and issued a $94.00 price objective on shares of Belden in a report on Friday, December 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of Belden in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $91.83.
Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.15). Belden had a return on equity of 18.20% and a net margin of 3.90%. The business had revenue of $604.88 million during the quarter, compared to the consensus estimate of $648.92 million. During the same quarter in the previous year, the business posted $1.42 earnings per share. Belden’s quarterly revenue was down 1.2% compared to the same quarter last year. sell-side analysts expect that Belden will post 6.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 0.29%. Belden’s payout ratio is 3.74%.
In related news, SVP Ross Rosenberg sold 779 shares of Belden stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $75.00, for a total value of $58,425.00. Following the completion of the sale, the senior vice president now directly owns 5,329 shares in the company, valued at approximately $399,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.31% of the stock is currently owned by company insiders.
Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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