Swiss National Bank Lowers Stake in Bel Fuse Inc. $BELFB

Swiss National Bank decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,200 shares of the electronics maker’s stock after selling 300 shares during the period. Swiss National Bank owned approximately 0.16% of Bel Fuse worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Bel Fuse by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker’s stock valued at $330,000 after purchasing an additional 189 shares during the last quarter. CWM LLC lifted its position in Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after buying an additional 228 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bel Fuse by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker’s stock worth $486,000 after buying an additional 234 shares in the last quarter. Mackenzie Financial Corp grew its position in Bel Fuse by 5.1% during the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker’s stock valued at $493,000 after acquiring an additional 320 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Bel Fuse by 4.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 523 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares of the company’s stock, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock worth $731,804 in the last quarter. Corporate insiders own 5.37% of the company’s stock.

Bel Fuse Trading Up 2.9%

Shares of NASDAQ:BELFB opened at $132.60 on Monday. The stock’s 50-day simple moving average is $111.24 and its two-hundred day simple moving average is $87.69. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 1.82 and a beta of 1.52. Bel Fuse Inc. has a 52-week low of $57.99 and a 52-week high of $136.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05.

Bel Fuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.07 dividend. The ex-dividend date is Wednesday, October 15th. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.2%. Bel Fuse’s payout ratio is 6.86%.

Wall Street Analysts Forecast Growth

BELFB has been the topic of a number of analyst reports. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Robert W. Baird started coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an “outperform” rating and a $88.00 price target for the company. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Needham & Company LLC boosted their target price on Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Northland Securities increased their target price on Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $113.60.

Bel Fuse 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.