Belden Inc (BDC) Position Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Belden Inc (NYSE:BDC) by 469.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,825 shares of the industrial products company’s stock after buying an additional 8,099 shares during the period. SG Americas Securities LLC’s holdings in Belden were worth $680,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BDC. Envestnet Asset Management Inc. bought a new stake in Belden during the fourth quarter valued at approximately $105,000. James Investment Research Inc. bought a new stake in Belden during the first quarter valued at approximately $130,000. Elkfork Partners LLC bought a new stake in Belden during the fourth quarter valued at approximately $159,000. Greenwood Capital Associates LLC raised its stake in Belden by 5.3% in the first quarter. Greenwood Capital Associates LLC now owns 2,975 shares of the industrial products company’s stock valued at $206,000 after buying an additional 149 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in Belden during the first quarter valued at approximately $208,000.

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Belden Inc (NYSE BDC) opened at 76.75 on Tuesday. Belden Inc has a 52 week low of $54.97 and a 52 week high of $81.33. The stock’s 50 day moving average price is $72.66 and its 200 day moving average price is $72.99. The firm has a market capitalization of $3.24 billion, a P/E ratio of 28.88 and a beta of 2.29.

Belden (NYSE:BDC) last posted its earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. The company had revenue of $551.40 million for the quarter, compared to the consensus estimate of $551.14 million. Belden had a return on equity of 18.25% and a net margin of 5.80%. Belden’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. On average, equities analysts expect that Belden Inc will post $5.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Belden’s payout ratio is 7.55%.

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Several equities research analysts have commented on the company. Zacks Investment Research upgraded Belden from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Seaport Global Securities assumed coverage on Belden in a research report on Thursday, March 2nd. They issued a “buy” rating and a $82.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.71.

About Belden

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BDC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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