Dynamic Technology Lab Private Ltd Makes New $443,000 Investment in Belden Inc. (NYSE:BDC)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Belden Inc. (NYSE:BDC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,930 shares of the industrial products company's stock, valued at approximately $443,000.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in Belden by 0.6% in the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company's stock worth $112,580,000 after purchasing an additional 5,727 shares during the last quarter. Polen Capital Management LLC bought a new position in shares of Belden in the 4th quarter valued at about $2,723,000. Norges Bank bought a new stake in Belden during the fourth quarter worth approximately $54,167,000. Barclays PLC lifted its stake in shares of Belden by 189.4% in the 3rd quarter. Barclays PLC now owns 80,132 shares of the industrial products company's stock valued at $9,386,000 after purchasing an additional 52,439 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Belden by 15.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,973 shares of the industrial products company's stock valued at $21,432,000 after purchasing an additional 23,936 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Activity

In related news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the sale, the director now directly owns 9,968 shares in the company, valued at $1,096,480. This trade represents a 17.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,428 shares of company stock valued at $2,589,774. Company insiders own 1.59% of the company's stock.

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Belden Price Performance

Shares of Belden stock traded up $2.10 on Monday, hitting $95.58. The company's stock had a trading volume of 54,297 shares, compared to its average volume of 273,012. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 19.87 and a beta of 1.07. 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 fifty day moving average price of $104.69 and a 200-day moving average price of $113.68.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share 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 anticipate that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden's payout ratio is presently 4.16%.

Wall Street Analyst Weigh In

BDC has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Belden from $139.00 to $120.00 and set a "buy" rating for the company in a report on Thursday. Loop Capital dropped their target price on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Benchmark reiterated a "buy" rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Finally, StockNews.com cut Belden from a "strong-buy" rating to a "buy" rating in a report on Friday, April 4th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Belden has a consensus rating of "Buy" and an average target price of $128.20.

Belden 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.