Marshall Wace LLP Buys Shares of 13,906 Belden Inc. (NYSE:BDC)

Marshall Wace LLP bought a new stake in Belden Inc. (NYSE:BDC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,906 shares of the industrial products company's stock, valued at approximately $1,566,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Belden in the fourth quarter valued at about $26,000. First Horizon Advisors Inc. lifted its stake in Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock valued at $71,000 after buying an additional 211 shares during the period. Parkside Financial Bank & Trust lifted its stake in Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock valued at $94,000 after buying an additional 199 shares during the period. Principal Securities Inc. lifted its stake in Belden by 9.6% in the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock valued at $135,000 after buying an additional 105 shares during the period. Finally, Matrix Trust Co lifted its stake in Belden by 624.8% in the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company's stock valued at $171,000 after buying an additional 1,312 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Trading Up 0.4 %

NYSE BDC opened at $102.30 on Tuesday. Belden Inc. has a 52 week low of $81.02 and a 52 week high of $131.82. 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's 50 day moving average price is $100.72 and its two-hundred day moving average price is $112.09. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 21.27 and a beta of 1.07.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.06% and a return on equity of 21.42%. As a group, analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Thursday, March 13th. Belden's dividend payout ratio is presently 4.16%.

Insider Transactions at Belden

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of the company's stock in a transaction 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 sale, the director now directly owns 9,968 shares of the company's stock, valued at approximately $1,096,480. This represents a 17.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock valued at $2,589,774 over the last 90 days. 1.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com downgraded Belden from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 15th. Loop Capital lowered their price target on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Benchmark lowered their price target on Belden from $130.00 to $120.00 and set a "buy" rating for the company in a report on Monday, April 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $126.20.

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.

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