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Belden Inc.'s director sold half his shares as the company reported strong earnings and a dividend.
Belden Inc.'s director, Gregory James Mccray, recently sold 4,200 shares for $105.21 each, totaling $441,882, reducing his holdings by 50.01%.
Belden reported a strong quarter with EPS of $1.92, surpassing estimates, and plans to pay a $0.05 per share dividend.
Analysts maintain a 'Buy' rating with a target price of $130.25, and institutional investors have also increased their shares in the company.
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El director de Belden Inc. vendió la mitad de sus acciones, ya que la compañía reportó fuertes ganancias y un dividendo.