Dean Investment Associates LLC Has $3.69 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Dean Investment Associates LLC grew its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 49.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,034 shares of the electronics maker's stock after buying an additional 15,588 shares during the quarter. Dean Investment Associates LLC owned approximately 0.37% of Bel Fuse worth $3,693,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker's stock worth $10,927,000 after acquiring an additional 123,092 shares during the period. Portolan Capital Management LLC grew its holdings in shares of Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker's stock valued at $9,489,000 after acquiring an additional 66,621 shares in the last quarter. Isthmus Partners LLC acquired a new position in shares of Bel Fuse in the second quarter worth $39,000. Hodges Capital Management Inc. purchased a new stake in shares of Bel Fuse during the second quarter worth $3,346,000. Finally, American Century Companies Inc. boosted its position in Bel Fuse by 11.6% during the second quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker's stock valued at $18,024,000 after purchasing an additional 28,649 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse 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 sale, the vice president now owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the insider now directly owns 14,832 shares in the company, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company's stock.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB traded up $0.02 during trading on Friday, reaching $83.97. The stock had a trading volume of 55,584 shares, compared to its average volume of 54,591. The stock has a fifty day simple moving average of $79.76 and a two-hundred day simple moving average of $71.71. 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 Inc. has a 52 week low of $45.74 and a 52 week high of $86.71. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.26 and a beta of 1.33.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Wednesday, January 15th. Bel Fuse's dividend payout ratio is 6.42%.

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.