AlphaQ Advisors LLC Takes $230,000 Position in Belden Inc. (NYSE:BDC)

AlphaQ Advisors LLC purchased a new position in shares of Belden Inc. (NYSE:BDC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,975 shares of the industrial products company’s stock, valued at approximately $230,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its position in Belden by 2.3% in the fourth quarter. Atlas Capital Advisors LLC now owns 5,346 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Belden by 3.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,301 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 158 shares during the period. Arizona State Retirement System grew its holdings in shares of Belden by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,115 shares of the industrial products company’s stock worth $1,170,000 after acquiring an additional 169 shares during the period. Parkside Financial Bank & Trust increased its stake in Belden by 15.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 209 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in Belden by 88.0% during the first quarter. Point72 Hong Kong Ltd now owns 515 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial upped their target price on Belden from $89.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

Insiders Place Their Bets

In other news, EVP Brian Lieser sold 2,056 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the sale, the executive vice president now owns 21,772 shares in the company, valued at $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Belden Price Performance

BDC stock traded down $2.49 on Friday, reaching $85.26. The company had a trading volume of 259,629 shares, compared to its average volume of 270,655. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.72 and a current ratio of 2.30. The company’s fifty day moving average is $86.45 and its 200 day moving average is $79.09. The company has a market cap of $3.47 billion, a P/E ratio of 15.07 and a beta of 1.04. Belden Inc. has a 1 year low of $60.54 and a 1 year high of $99.13.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.34. The business had revenue of $551.24 million for the quarter, compared to analyst estimates of $522.06 million. Belden had a return on equity of 25.11% and a net margin of 9.66%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. On average, research analysts forecast that Belden Inc. will post 5.33 earnings per share for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 14th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.23%. Belden’s payout ratio is currently 3.53%.

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.