Delphi Management Inc. MA Has $2.20 Million Position in Belden Inc. (BDC)
Delphi Management Inc. MA boosted its stake in Belden Inc. (NYSE:BDC) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,012 shares of the industrial products company’s stock after acquiring an additional 1,967 shares during the period. Belden accounts for 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 28th largest holding. Delphi Management Inc. MA owned about 0.08% of Belden worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new position in shares of Belden during the 2nd quarter worth approximately $623,000. Phocas Financial Corp. bought a new position in shares of Belden during the 2nd quarter worth approximately $4,739,000. Putnam Investments LLC boosted its holdings in shares of Belden by 211.7% during the 2nd quarter. Putnam Investments LLC now owns 148,558 shares of the industrial products company’s stock worth $9,080,000 after buying an additional 100,900 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Belden by 12.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 24,099 shares of the industrial products company’s stock worth $1,473,000 after buying an additional 2,669 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Belden by 11.3% during the 2nd quarter. Macquarie Group Ltd. now owns 660,559 shares of the industrial products company’s stock worth $40,374,000 after buying an additional 67,108 shares in the last quarter.
Shares of NYSE:BDC opened at $72.35 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 1.10. Belden Inc. has a twelve month low of $53.65 and a twelve month high of $87.14. The company has a market cap of $2.97 billion, a PE ratio of 12.62 and a beta of 2.31.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Tuesday, September 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Monday, September 17th. Belden’s payout ratio is 3.74%.
A number of research firms have issued reports on BDC. TheStreet upgraded Belden from a “c” rating to a “b-” rating in a report on Tuesday, August 21st. Canaccord Genuity restated a “buy” rating and set a $88.00 price target on shares of Belden in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Belden from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Friday, August 3rd. ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Guggenheim restated a “buy” rating and set a $90.00 price target on shares of Belden in a report on Wednesday, August 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $86.75.
Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.
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