Charles Schwab Investment Management Inc. Buys 15,296 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Charles Schwab Investment Management Inc. increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,789 shares of the electronics maker's stock after purchasing an additional 15,296 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.91% of Bel Fuse worth $8,934,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank increased its holdings in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock worth $45,000 after purchasing an additional 510 shares in the last quarter. Legato Capital Management LLC acquired a new position in shares of Bel Fuse in the second quarter valued at approximately $757,000. Principal Financial Group Inc. increased its stake in shares of Bel Fuse by 10.5% in the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker's stock valued at $563,000 after buying an additional 823 shares during the period. Rhumbline Advisers increased its stake in shares of Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker's stock valued at $1,094,000 after buying an additional 787 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in shares of Bel Fuse in the second quarter valued at approximately $3,346,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BELFB. Northland Securities increased their price target on Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Needham & Company LLC increased their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. StockNews.com lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 2nd. Finally, Northland Capmk upgraded Bel Fuse from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 5th.

Bel Fuse Stock Performance

Bel Fuse stock traded down $0.56 during mid-day trading on Wednesday, reaching $83.56. 57,931 shares of the company's stock were exchanged, compared to its average volume of 89,411. The business's fifty day simple moving average is $79.94 and its 200 day simple moving average is $71.93. The firm has a market capitalization of $1.05 billion, a PE ratio of 19.29 and a beta of 1.33. Bel Fuse Inc. has a one year low of $45.74 and a one year high of $86.71. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.34%. Bel Fuse's dividend payout ratio (DPR) is presently 6.42%.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares of the company's stock, valued at $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company's stock.

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.