Belden Inc. (NYSE:BDC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Belden Inc. (NYSE:BDC) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,190 shares of the industrial products company’s stock after selling 767 shares during the period. Yousif Capital Management LLC’s holdings in Belden were worth $1,598,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BDC. GAMMA Investing LLC grew its holdings in Belden by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Belden during the 3rd quarter worth $33,000. First Horizon Advisors Inc. lifted its position in shares of Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares during the last quarter. KBC Group NV grew its stake in shares of Belden by 27.8% during the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 274 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock valued at $167,000 after buying an additional 599 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Belden news, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the transaction, the senior vice president now owns 23,243 shares in the company, valued at approximately $2,667,599.11. This represents a 9.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.59% of the company’s stock.

Belden Price Performance

Shares of NYSE BDC opened at $112.65 on Thursday. The business has a 50-day moving average price of $116.63 and a 200 day moving average price of $113.44. The stock has a market cap of $4.54 billion, a PE ratio of 23.42 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. Belden Inc. has a 52-week low of $78.64 and a 52-week high of $131.82.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Equities research analysts forecast that Belden Inc. will post 7.76 earnings per share for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Belden’s dividend payout ratio is presently 4.16%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital decreased their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday. Benchmark restated a “buy” rating and set a $130.00 target price on shares of Belden in a research note on Monday. Truist Financial increased their price target on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Belden currently has a consensus rating of “Buy” and a consensus target price of $130.25.

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.