XTX Topco Ltd Purchases New Position in Belden Inc. (NYSE:BDC)

XTX Topco Ltd acquired a new position in Belden Inc. (NYSE:BDC) during the 4th quarter, HoldingsChannel reports. The fund acquired 5,560 shares of the industrial products company’s stock, valued at approximately $626,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BDC. Aster Capital Management DIFC Ltd acquired a new position in shares of Belden in the 4th quarter valued at $26,000. First Horizon Advisors Inc. raised its position in shares of Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 211 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Belden by 31.3% during 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. grew its position in shares of 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 acquiring an additional 105 shares during the period. Finally, Matrix Trust Co increased its stake in shares of Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,312 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity

In other news, Director Jonathan C. Klein sold 2,129 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the sale, the director now owns 9,968 shares in the company, valued at $1,096,480. This trade represents a 17.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were 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 owns 23,243 shares in the company, valued at $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 sold 23,428 shares of company stock worth $2,589,774 over the last ninety days. Corporate insiders own 1.59% of the company’s stock.

Belden Stock Up 0.5 %

Shares of BDC opened at $94.00 on Friday. The stock has a 50 day moving average price of $102.65 and a 200 day moving average price of $112.95. 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 stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 19.54 and a beta of 1.07. Belden Inc. has a one year low of $80.90 and a one year 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, beating analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Equities research analysts forecast that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 13th. Belden’s dividend payout ratio is currently 4.16%.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group dropped their price objective on Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Loop Capital dropped their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. Finally, StockNews.com lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $128.20.

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.