Mariner LLC Boosts Holdings in Belden Inc. (NYSE:BDC)

Mariner LLC lifted its holdings in Belden Inc. (NYSE:BDC) by 6.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,190 shares of the industrial products company’s stock after acquiring an additional 137 shares during the quarter. Mariner LLC’s holdings in Belden were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in Belden in the fourth quarter worth $26,000. First Horizon Advisors Inc. lifted its stake in shares of Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 211 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 199 shares during the period. Principal Securities Inc. boosted its holdings in 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 Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,312 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. StockNews.com cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 15th. Benchmark reiterated a “buy” rating and set a $120.00 target price on shares of Belden in a report on Monday. Finally, Loop Capital lowered their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $126.20.

Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 2,400 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the sale, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the transaction, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. This represents a 17.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock worth $2,589,774 in the last 90 days. Insiders own 1.48% of the company’s stock.

Belden Price Performance

Shares of NYSE BDC opened at $104.83 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. Belden Inc. has a 1 year low of $83.18 and a 1 year high of $131.82. The company’s 50-day moving average is $99.95 and its 200 day moving average is $111.48. The stock has a market capitalization of $4.17 billion, a P/E ratio of 21.79 and a beta of 1.24.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. Belden had a return on equity of 21.42% and a net margin of 8.06%. The business had revenue of $624.86 million during the quarter, compared to the consensus estimate of $615.81 million. During the same quarter in the prior year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden’s dividend payout ratio is currently 3.86%.

Belden 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.