Fisher Asset Management LLC purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,366 shares of the electronics maker's stock, valued at approximately $1,677,000. Fisher Asset Management LLC owned approximately 0.17% of Bel Fuse at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of BELFB. Charles Schwab Investment Management Inc. increased its holdings in Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker's stock worth $8,934,000 after buying an additional 15,296 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Bel Fuse by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker's stock worth $14,093,000 after acquiring an additional 12,007 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Bel Fuse by 26.5% during the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker's stock valued at $3,166,000 after purchasing an additional 8,442 shares during the last quarter. Summit Global Investments bought a new position in Bel Fuse during the third quarter valued at approximately $479,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Bel Fuse by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 41,059 shares of the electronics maker's stock worth $3,224,000 after purchasing an additional 1,029 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.
Insider Buying and Selling at Bel Fuse
In other news, insider Stephen Dawson sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value 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 trade represents a 9.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Francis Berry sold 1,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares of the company's stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company's stock.
Bel Fuse Price Performance
Shares of BELFB stock traded up $1.23 during mid-day trading on Friday, hitting $80.18. The company had a trading volume of 29,429 shares, compared to its average volume of 90,647. 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 stock's 50 day moving average price is $79.18 and its 200-day moving average price is $71.00. Bel Fuse Inc. has a 52-week low of $45.74 and a 52-week high of $85.91. The company has a market capitalization of $1.01 billion, a P/E ratio of 18.39 and a beta of 1.35.
Bel Fuse Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, January 15th. Bel Fuse's payout ratio is currently 6.42%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Northland Capmk upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Northland Securities lifted their target price 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. StockNews.com lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. Finally, Needham & Company LLC boosted their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, November 18th.
Check Out Our Latest Stock Analysis on BELFB
Bel Fuse Profile
(
Free Report)
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.
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