3,435 Shares in Belden Inc. (NYSE:BDC) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in Belden Inc. (NYSE:BDC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,435 shares of the industrial products company’s stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BDC. Aster Capital Management DIFC Ltd acquired a new position in Belden during the fourth quarter worth $26,000. First Horizon Advisors Inc. raised its holdings 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 purchasing an additional 211 shares during the period. Parkside Financial Bank & Trust lifted its stake in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 199 shares during the last quarter. Principal Securities Inc. grew its holdings in Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 105 shares during the period. Finally, Matrix Trust Co increased its position in Belden by 624.8% during the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock worth $171,000 after buying an additional 1,312 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark reduced their target price on Belden from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, April 21st. StockNews.com cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 15th. Loop Capital cut their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group decreased their price target on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Belden has an average rating of “Buy” and a consensus target price of $126.20.

Belden Trading Up 0.5 %

Shares of Belden stock opened at $101.93 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The firm has a 50-day moving average of $100.97 and a 200-day moving average of $112.21. Belden Inc. has a 52-week low of $81.02 and a 52-week high of $131.82. The stock has a market cap of $4.05 billion, a PE ratio of 21.19 and a beta of 1.07.

Belden (NYSE:BDC) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. As a group, sell-side analysts forecast that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

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

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 value of $275,448.00. Following the transaction, the senior vice president now directly owns 23,243 shares of the company’s stock, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 4,199 shares of the company’s stock, valued at $441,776.79. The trade was a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,428 shares of company stock worth $2,589,774. Company insiders own 1.48% of the company’s stock.

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.