Leah Tate Sells 2,954 Shares of Belden (NYSE:BDC) Stock

by · The Cerbat Gem

Belden Inc (NYSE:BDC – Get Free Report) SVP Leah Tate sold 2,954 shares of Belden stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $130.00, for a total value of $384,020.00. Following the transaction, the senior vice president owned 24,881 shares in the company, valued at approximately $3,234,530. This represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Leah Tate also recently made the following trade(s):

  • On Wednesday, December 3rd, Leah Tate sold 2,554 shares of Belden stock. The shares were sold at an average price of $120.00, for a total transaction of $306,480.00.

Belden Trading Up 6.2%

Belden stock traded up $8.18 during midday trading on Friday, hitting $139.90. 519,155 shares of the stock were exchanged, compared to its average volume of 274,994. The company has a current ratio of 1.99, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The stock’s 50-day simple moving average is $118.85 and its 200 day simple moving average is $120.65. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $140.43. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 24.85 and a beta of 1.20.

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date was Thursday, December 11th. Belden’s dividend payout ratio is presently 3.55%.

Institutional Investors Weigh In On Belden

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in shares of Belden by 9.6% in the first quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock worth $7,906,000 after acquiring an additional 6,894 shares in the last quarter. United Services Automobile Association purchased a new position in Belden in the first quarter valued at $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Belden by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock worth $13,214,000 after purchasing an additional 10,077 shares in the last quarter. Jane Street Group LLC raised its position in Belden by 18.3% in the 1st quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock valued at $5,817,000 after purchasing an additional 8,961 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Belden by 273.7% in the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock valued at $399,000 after buying an additional 2,918 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BDC shares. Wall Street Zen upgraded Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Truist Financial upped their target price on shares of Belden from $149.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Belden has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

View Our Latest Analysis on Belden

Belden Company Profile

(Get Free Report)

Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.

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