Bel Fuse Inc. $BELFB Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC cut its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 33.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,570 shares of the electronics maker’s stock after selling 38,390 shares during the quarter. Acadian Asset Management LLC owned 0.60% of Bel Fuse worth $5,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bel Fuse by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after purchasing an additional 240 shares in the last quarter. Bosun Asset Management LLC increased its position in shares of Bel Fuse by 6.4% during the first quarter. Bosun Asset Management LLC now owns 21,442 shares of the electronics maker’s stock worth $1,605,000 after purchasing an additional 1,289 shares in the last quarter. Apis Capital Advisors LLC increased its position in shares of Bel Fuse by 67.2% during the first quarter. Apis Capital Advisors LLC now owns 21,400 shares of the electronics maker’s stock worth $1,602,000 after purchasing an additional 8,600 shares in the last quarter. Expect Equity LLC increased its position in shares of Bel Fuse by 6.8% during the first quarter. Expect Equity LLC now owns 33,211 shares of the electronics maker’s stock worth $2,486,000 after purchasing an additional 2,120 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Bel Fuse by 189.9% during the first quarter. State of Wyoming now owns 4,114 shares of the electronics maker’s stock worth $308,000 after purchasing an additional 2,695 shares in the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird upped their target price on Bel Fuse from $130.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Northland Securities upped 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. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a report on Tuesday, June 10th. Needham & Company LLC upped their target price on Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Oppenheimer set a $125.00 target price on Bel Fuse and gave the company an “outperform” rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $126.80.

Bel Fuse Price Performance

BELFB stock opened at $141.73 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The firm has a market capitalization of $1.79 billion, a P/E ratio of 34.74, a P/E/G ratio of 1.81 and a beta of 1.59. The business’s 50-day moving average is $125.22 and its two-hundred day moving average is $93.65. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $150.67.

Bel Fuse Increases Dividend

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

Insider Buying and Selling

In other news, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares of the company’s stock, valued at $1,312,640. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider directly owned 14,265 shares of the company’s stock, valued at $1,812,653.55. This represents a 7.76% 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.

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.