XTX Topco Ltd Invests $626,000 in Belden Inc. (NYSE:BDC)

XTX Topco Ltd purchased a new stake in shares of Belden Inc. (NYSE:BDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,560 shares of the industrial products company's stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in Belden in the fourth quarter valued at approximately $26,000. First Horizon Advisors Inc. lifted its position in shares of Belden by 49.9% during the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after acquiring an additional 211 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after purchasing an additional 199 shares during the period. Principal Securities Inc. increased its holdings in shares of Belden by 9.6% in 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 holdings in shares of Belden by 624.8% in the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company's stock worth $171,000 after purchasing an additional 1,312 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Belden

In related news, Director Jonathan C. Klein sold 2,129 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the sale, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. This trade represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock worth $2,589,774 in the last ninety days. Insiders own 1.59% of the company's stock.

Belden Stock Performance

Shares of BDC traded up $3.65 during trading hours on Thursday, reaching $100.58. 33,907 shares of the company traded hands, compared to its average volume of 273,876. The stock has a market capitalization of $4.00 billion, a P/E ratio of 20.90 and a beta of 1.07. The business has a fifty day moving average price of $101.50 and a 200-day moving average price of $112.51. Belden Inc. has a 12-month low of $81.02 and a 12-month high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

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

Belden Dividend Announcement

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

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.