Haven Private LLC Invests $559,000 in Belden Inc. (NYSE:BDC)

Haven Private LLC purchased a new position in Belden Inc. (NYSE:BDC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,963 shares of the industrial products company’s stock, valued at approximately $559,000.

Other large investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in shares of Belden in the 3rd quarter worth $33,000. First Horizon Advisors Inc. raised its position in shares of 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 acquiring an additional 209 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 199 shares in the last quarter. Principal Securities Inc. raised its position in shares of Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 105 shares in the last quarter. Finally, KBC Group NV raised its position in shares of 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. 98.75% of the stock is owned by institutional investors.

Belden Stock Down 1.8 %

Belden stock opened at $103.91 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The business’s 50-day simple moving average is $114.25 and its two-hundred day simple moving average is $114.98. The company has a market cap of $4.18 billion, a PE ratio of 21.60 and a beta of 1.02. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82.

Belden (NYSE:BDC) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Equities analysts anticipate that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Belden’s dividend payout ratio is currently 4.16%.

Insider Buying and Selling at Belden

In related news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total value of $234,190.00. Following the sale, the director now owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. This trade represents a 17.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares of the company’s stock, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,228 shares of company stock valued at $2,147,892. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Loop Capital reduced their target price on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $130.25.

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.