Belden Inc. (NYSE:BDC) Shares Acquired by Candelo Capital Management LP

Candelo Capital Management LP lifted its position in Belden Inc. (NYSE:BDC) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,680 shares of the industrial products company’s stock after buying an additional 1,969 shares during the quarter. Belden accounts for about 3.0% of Candelo Capital Management LP’s investment portfolio, making the stock its 9th biggest holding. Candelo Capital Management LP’s holdings in Belden were worth $5,932,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in shares of Belden by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 18,660 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 5,582 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Belden by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company’s stock worth $78,309,000 after acquiring an additional 18,825 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Belden during the fourth quarter valued at about $387,000. Hsbc Holdings PLC grew its position in shares of Belden by 72.8% in the fourth quarter. Hsbc Holdings PLC now owns 5,238 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 2,206 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Belden by 245.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,110 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 2,210 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Transactions at Belden

In related news, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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 in the company, valued at $441,776.79. This trade represents a 50.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Leah Tate sold 2,400 shares of the business’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 transaction, the senior vice president now owns 23,243 shares in the company, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BDC shares. StockNews.com lowered Belden from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 15th. The Goldman Sachs Group dropped their target price on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Benchmark reduced their price target on shares of Belden from $130.00 to $120.00 and set a “buy” rating for the company in a report on Monday. Finally, Loop Capital dropped their price objective on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $126.20.

Belden Stock Up 2.7 %

Shares of BDC stock opened at $94.73 on Wednesday. Belden Inc. has a one year low of $81.02 and a one year high of $131.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The stock has a fifty day moving average price of $101.85 and a 200 day moving average price of $112.62. The stock has a market cap of $3.77 billion, a P/E ratio of 19.69 and a beta of 1.07.

Belden (NYSE:BDC) last released 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%. Analysts predict that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. Belden’s dividend payout ratio is currently 4.16%.

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.