GSA Capital Partners LLP Takes $954,000 Position in Belden Inc $BDC

Key Points

• GSA Capital Partners purchased 7,958 Belden shares worth approximately $954,000 during the second quarter. Institutional investors collectively own 98.75% of the company.
• Belden exceeded quarterly expectations, reporting $2.34 in earnings per share versus the $2.02 consensus estimate, while revenue rose 11.6% year over year to $750.16 million.
• The company declared a quarterly dividend of $0.05, equal to a 0.2% annualized yield. Analysts maintain a consensus “Buy” rating with an average price target of $156.25.

GSA Capital Partners LLP purchased a new position in Belden Inc (NYSE:BDC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,958 shares of the industrial products company's stock, valued at approximately $954,000.

Several other large investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company's stock worth $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Belden during the fourth quarter valued at about $51,000. Smartleaf Asset Management LLC increased its position in shares of Belden by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after buying an additional 106 shares during the period. Finally, Torren Management LLC bought a new position in Belden in the fourth quarter worth about $62,000. Institutional investors own 98.75% of the company's stock.

Belden Stock Down 6.1%

Shares of Belden stock opened at $129.25 on Wednesday. Belden Inc has a 1 year low of $98.00 and a 1 year high of $159.99. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 21.02 and a beta of 1.12. The company has a 50-day moving average of $116.53 and a 200 day moving average of $120.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. The business had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. Belden had a net margin of 8.52% and a return on equity of 25.00%. Belden's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts anticipate that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden's payout ratio is currently 3.25%.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial restated a "buy" rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a report on Friday, July 31st. Zacks Research upgraded Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Wall Street Zen raised Belden from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Citigroup initiated coverage on Belden in a research note on Friday, June 26th. They issued a "buy" rating and a $150.00 target price for the company. Finally, Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $156.25.

Belden Company Profile

Belden, formerly Belden Inc NYSE: BDC, was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.

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