Isthmus Partners LLC Sells 11,578 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Isthmus Partners LLC decreased its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 19.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,626 shares of the electronics maker's stock after selling 11,578 shares during the period. Isthmus Partners LLC owned about 0.38% of Bel Fuse worth $3,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BELFB. Comerica Bank lifted its stake in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock worth $45,000 after buying an additional 510 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Bel Fuse by 142.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker's stock worth $488,000 after acquiring an additional 4,867 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse during the second quarter worth approximately $25,000. Legato Capital Management LLC bought a new stake in shares of Bel Fuse during the second quarter worth approximately $757,000. Finally, Principal Financial Group Inc. increased its stake in shares of Bel Fuse by 10.5% during the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker's stock worth $563,000 after purchasing an additional 823 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred 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 transaction, the vice president now directly owns 8,023 shares of the company's stock, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were 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 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 disclosure for this sale can be found here. Company insiders own 5.37% of the company's stock.

Bel Fuse Price Performance

BELFB stock traded up $1.23 during trading on Friday, reaching $80.18. 29,429 shares of the company were exchanged, compared to its average volume of 90,647. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.39 and a beta of 1.35. 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 company has a 50-day moving average of $79.18 and a two-hundred day moving average of $71.00. Bel Fuse Inc. has a twelve month low of $45.74 and a twelve month high of $85.91.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 0.35%. The ex-dividend date is Wednesday, January 15th. Bel Fuse's payout ratio is 6.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. Northland Capmk upgraded 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 target price 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. Finally, Northland Securities boosted 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.

About Bel Fuse

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.