Skip to Content

The State of New Jersey Common Pension Fund D owns $2.07 million in Belden Inc. (NYSE:BDC)

The State of New Jersey Common Pension Fund D owns $2.07 million in Belden Inc. (NYSE:BDC)

According to the most recent Form 13F filing submitted to the Securities and Exchange Commission by the State of New Jersey Common Pension Fund D, the fund’s holdings in Belden, Inc. (NYSE: BDC) were reduced by 17.5% during the third quarter. The company’s holdings in the manufacturer of industrial goods were reduced to 34,515 shares due to the sale of 7,321 shares during the relevant period. According to the most recent filing with the Securities and Exchange Commission, the State of New Jersey Common Pension Fund D owns approximately 0.08% of Belden, which is currently valued at $2,072,000. This information was obtained from the filing that was made.

During the previous few months, several additional institutional investors have similarly modified their interests in the company. During the first three months of 2018, Point72 Hong Kong Ltd. increased the amount of Belden stock owned by 88.0 percent. Point72 Hong Kong Ltd. now has 515 shares in the industrial goods business, valued at $29,000, thanks to purchasing an additional 241 shares during the most recent reporting period. This brings the total number of shares owned by the company to 515. The USA Financial Portformulas Corporation reached full ownership of Belden by making an additional investment of approximately $32,000 during the third quarter. This brought the company’s total investment to 100%. During the second quarter of the fiscal year, Pinebridge Investments L.P. increased the percentage of Belden stock owned by 483.0%. After making an additional purchase of 483 shares during the most recent quarter, Pinebridge Investments L.P. now possesses 583 shares of the stock held by the industrial products company. The current market value of these shares is $31,000. During the second quarter of the current fiscal year, Meeder Asset Management Inc. increased the percentage of its total assets invested in Belden by 2,935.1%. After purchasing an additional 1,086 shares over the past three months, Meeder Asset Management Inc. now has a total of 1,123 shares of the stock of the industrial goods company, which are currently valued at $60,000. This is because the company has acquired an additional 1,086 shares.

Last but not least, Eagle Bay Advisors LLC increased the percentage of Belden stock owned by 116.5% during the second quarter. Eagle Bay Advisors LLC now has a total ownership stake of 1,518 shares in the industrial goods company with a market cap of $81,000 after purchasing an additional 817 shares during the most recent quarter. The market cap of the company is equivalent to $81,000. The vast majority of the company’s shares are held by institutional investors and hedge funds to the tune of 99.88%.

On Tuesday, November 22, corporate director Jonathan C. Klein made a transaction that sold one thousand shares of the company’s stock. This information is relevant to this topic. It was determined that the weighted average price of each share was $79.82, which resulted in the sale of the shares for a total price of $79,820.00. Following the completion of the transaction, the director has gained direct ownership of 14,053 shares of the company’s stock, which have an approximate value of $1,121,710.46 at present. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately. The company’s insiders hold control of 1.06% of the total number of shares that are outstanding.

When trading started on Thursday, the price of a single share of Belden was $78.0. The stock of Belden, Inc. reached its one-year high of $82.83, while it reached its one-year low of $47.89 during the same period. The moving averages for the past 50 days at the company are $77.05, and the moving averages for the past 200 days are $68.96. The company has a price-to-earnings ratio of 24.22, a beta of 1.35, and a market capitalization of $3.34 billion. Currently, the debt-to-equity ratio stands at 0.92, the quick ratio stands at 1.89, and the current ratio stands at 2.54.

Belden’s most recent earnings report, traded on the NYSE under the symbol BDC, was made public on November 2. The company that manufactures products for the industrial sector reported quarterly earnings of $1.77 per share, which was $0.20 more than the average analyst projection of $1.57 per share. Belden had a return on equity of 26.35%, and the net margin for the company was 5.53%. The company’s most recent quarter ended with actual sales of $670.49 million, significantly higher than the average prediction of $634.29 million for that quarter’s sales. The company posted earnings of $1.31 per share during the same period the year before when compared to the current year. Compared to the same quarter in the previous year, the increase in revenue was 10.9% higher than expected. The consensus among market experts is that Belden, Inc. will finish the current financial year with $6.33 per share earnings.

In addition, the business disclosed that it would be paying a quarterly dividend, which, after being validated as legitimate, was done so on January 5. On December 15, a $0.05 dividend payment was made to stockholders who recorded holders of the company’s shares. This results in a yearly dividend payment of $0.20 and a yield of 0.26% on the investment. The dividend payment was made on Wednesday, December 14, the month of December, and the day of the week. At the moment, Belden’s dividend payout ratio (also known as the DPR) is 6.21 percent.

Conversations about BDC have been included in the publications of several different analysts. On October 12, StockNews.com published its first article on the company’s shares. The article was published on Wednesday. They encouraged potential buyers to “strongly purchase” the stock. Goldman Sachs Group increased their price objective for Belden shares from $67.0 to $76.0 and upgraded the stock’s rating to “neutral” in a research note published on Thursday, November 3. The price target for the company’s stock has also been increased, going from $67.0 to $76.0. The price target that Trust Financial has set for the Belden share price has been increased from $70.00 to $82.00, as announced in a research note that was published on November 3. Jefferies Financial Group published a research note on November 22 in which it announced

Tags

Leave a comment

Your email address will not be published. Required fields are marked *