Captrust Financial Advisors Has $545,000 Stake in Belden Inc. (NYSE:BDC)

Captrust Financial Advisors cut its stake in shares of Belden Inc. (NYSE:BDC) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,844 shares of the industrial products company’s stock after selling 567 shares during the quarter. Captrust Financial Advisors’ holdings in Belden were worth $545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new position in shares of Belden in the fourth quarter worth approximately $239,000. Baird Financial Group Inc. increased its position in shares of Belden by 4.9% during the fourth quarter. Baird Financial Group Inc. now owns 2,802 shares of the industrial products company’s stock worth $316,000 after buying an additional 130 shares during the period. Bank of America Corp DE raised its stake in Belden by 234.7% during the fourth quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company’s stock worth $25,266,000 after buying an additional 157,335 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Belden by 55.4% in the fourth quarter. BNP Paribas Financial Markets now owns 23,646 shares of the industrial products company’s stock valued at $2,663,000 after buying an additional 8,429 shares during the period. Finally, Jane Street Group LLC boosted its position in Belden by 111.2% during the fourth quarter. Jane Street Group LLC now owns 49,067 shares of the industrial products company’s stock valued at $5,525,000 after acquiring an additional 25,838 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Stock Up 0.5%

BDC stock opened at $112.47 on Monday. The stock’s 50 day simple moving average is $100.80 and its 200 day simple moving average is $111.01. The company has a market cap of $4.44 billion, a P/E ratio of 23.38 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. Belden Inc. has a fifty-two week low of $83.18 and a fifty-two week high of $131.82.

Belden (NYSE:BDC) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share 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 company had revenue of $624.86 million for the quarter, compared to analyst estimates of $615.81 million. During the same period in the prior year, the firm earned $1.24 earnings per share. Belden’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, research analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors 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 annualized dividend and a yield of 0.18%. Belden’s payout ratio is 3.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BDC shares. Benchmark reissued a “buy” rating and issued a $120.00 price objective on shares of Belden in a research report on Monday, May 5th. The Goldman Sachs Group lowered their target price on Belden from $139.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Loop Capital cut their price target on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, StockNews.com lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $126.20.

Insider Activity at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction on Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the transaction, the chief executive officer now directly owns 107,129 shares of the company’s stock, valued at $11,939,527.05. The trade was a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the director now owns 4,199 shares of the company’s stock, valued at approximately $441,776.79. The trade was a 50.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,259 shares of company stock valued at $2,340,577. 1.48% of the stock is owned by corporate insiders.

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.