Susquehanna Fundamental Investments LLC Has $1.57 Million Stock Holdings in Belden Inc. (NYSE:BDC)

Susquehanna Fundamental Investments LLC lifted its position in shares of Belden Inc. (NYSE:BDC) by 42.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,736 shares of the industrial products company’s stock after buying an additional 5,006 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Belden were worth $1,570,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Belden during the second quarter worth about $28,000. Whittier Trust Co. raised its position in shares of Belden by 662.2% in the first quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after buying an additional 298 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Belden in the first quarter valued at approximately $32,000. TFO Wealth Partners LLC grew its position in Belden by 33,500.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock worth $78,000 after buying an additional 1,005 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Belden during the 2nd quarter worth $95,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

BDC has been the subject of a number of recent analyst reports. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Vertical Research began coverage on shares of Belden in a research note on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective on the stock. Benchmark boosted their target price on shares of Belden from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Truist Financial increased their price target on shares of Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Belden presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Belden Stock Down 0.9 %

BDC stock opened at $116.07 on Wednesday. The stock has a market capitalization of $4.72 billion, a P/E ratio of 22.71 and a beta of 1.07. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $102.81 and a 200-day moving average price of $95.53. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $118.26.

Belden (NYSE:BDC) last issued its earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The firm had revenue of $604.34 million for the quarter, compared to analyst estimates of $574.32 million. Belden had a net margin of 8.51% and a return on equity of 21.13%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. As a group, equities research analysts anticipate that Belden Inc. will post 6.04 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden’s payout ratio is presently 3.91%.

Insider Buying and Selling at Belden

In other news, SVP Brian Edward Anderson sold 6,556 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.46, for a total transaction of $658,615.76. Following the sale, the senior vice president now directly owns 32,829 shares in the company, valued at $3,298,001.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Brian Edward Anderson sold 6,556 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the completion of the transaction, the senior vice president now owns 32,829 shares of the company’s stock, valued at $3,298,001.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Lieser sold 819 shares of Belden stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total transaction of $74,741.94. Following the transaction, the executive vice president now owns 21,031 shares in the company, valued at approximately $1,919,289.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,137 shares of company stock worth $1,095,457. 1.59% of the stock is currently owned by 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.