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.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company. These changes were made in response to recent events. 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 owns 515 shares of the industrial products company’s stock, valued at $29,000, after purchasing 241 additional shares during the most recent reporting period. These shares were acquired during the most recent period. 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 price of a share of Belden, Inc. has ranged from $47.89 to $82.83 over the past year, with $82.83 representing the company’s all-time high. 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 sits at 2.54.
The most recent earnings report made public by Belden (NYSE: BDC) was made available 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.
