Barclays PLC Buys 12,192 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Barclays PLC increased its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 319.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,008 shares of the electronics maker's stock after purchasing an additional 12,192 shares during the period. Barclays PLC owned 0.13% of Bel Fuse worth $1,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BELFB. nVerses Capital LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock worth $172,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse in the third quarter worth $200,000. One Wealth Advisors LLC bought a new position in shares of Bel Fuse during the third quarter valued at $227,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Bel Fuse in the 3rd quarter worth about $288,000. Institutional investors own 58.39% of the company's stock.

Bel Fuse Price Performance

BELFB traded up $1.64 during trading on Tuesday, hitting $78.23. 47,063 shares of the company traded hands, compared to its average volume of 69,545. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The company has a market cap of $981.40 million, a PE ratio of 17.94 and a beta of 1.30. The stock's 50-day simple moving average is $81.06 and its two-hundred day simple moving average is $74.74. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse's payout ratio is 6.42%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BELFB has been the subject of several recent analyst reports. StockNews.com cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. Northland Securities boosted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Oppenheimer started coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price objective on the stock. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $98.33.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.