Barclays PLC Has $1.26 Million Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Isthmus Partners LLC purchased a new stake in shares of Bel Fuse during the second quarter valued at $39,000. nVerses Capital LLC purchased a new stake in Bel Fuse during the third quarter valued at about $39,000. BNP Paribas Financial Markets lifted its stake in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after buying an additional 200 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Bel Fuse in the third quarter worth approximately $200,000. Finally, One Wealth Advisors LLC acquired a new stake in shares of Bel Fuse during the third quarter valued at approximately $227,000. 58.39% of the stock is currently owned by institutional investors.

Insider Transactions at Bel Fuse

In other news, insider Stephen Dawson sold 1,500 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares of the company's stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the company's stock in a transaction dated 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. The trade was a 11.08 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by corporate insiders.

Bel Fuse Stock Performance

NASDAQ:BELFB traded up $0.47 during midday trading on Monday, reaching $81.92. The stock had a trading volume of 69,809 shares, compared to its average volume of 88,520. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.79 and a beta of 1.33. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm's fifty day simple moving average is $80.50 and its 200-day simple moving average is $73.66.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.34%. Bel Fuse's dividend payout ratio is 6.42%.

Analyst Ratings Changes

Several research analysts recently weighed in on BELFB shares. Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price target on the stock. Northland Capmk raised shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 5th. Needham & Company LLC raised their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Northland Securities upped their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Finally, StockNews.com lowered shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and a consensus price target of $98.33.

Bel Fuse Company 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.