Rhumbline Advisers Decreases Stock Position in Bel Fuse Inc. $BELFB

Rhumbline Advisers reduced its position in Bel Fuse Inc. (NASDAQ:BELFB) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,589 shares of the electronics maker’s stock after selling 838 shares during the period. Rhumbline Advisers owned 0.12% of Bel Fuse worth $1,167,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after acquiring an additional 240 shares during the last quarter. Bosun Asset Management LLC increased its position in Bel Fuse by 6.4% in 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 during the last quarter. Apis Capital Advisors LLC raised its stake in Bel Fuse by 67.2% during the first quarter. Apis Capital Advisors LLC now owns 21,400 shares of the electronics maker’s stock valued at $1,602,000 after purchasing an additional 8,600 shares in the last quarter. Expect Equity LLC lifted its position in Bel Fuse by 6.8% during the first quarter. Expect Equity LLC now owns 33,211 shares of the electronics maker’s stock valued at $2,486,000 after purchasing an additional 2,120 shares during the last quarter. Finally, State of Wyoming lifted its position in Bel Fuse by 189.9% during the first quarter. State of Wyoming now owns 4,114 shares of the electronics maker’s stock valued at $308,000 after purchasing an additional 2,695 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BELFB. Oppenheimer upped their target price on shares of Bel Fuse from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday. Needham & Company LLC boosted their price objective on Bel Fuse from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Robert W. Baird boosted their target price on Bel Fuse from $130.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. One investment 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 company presently has an average rating of “Buy” and a consensus target price of $136.80.

Insider Activity

In other 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 sale, the insider owned 14,265 shares in the company, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.00, for a total transaction of $243,200.00. Following the transaction, the vice president owned 10,255 shares in the company, valued at approximately $1,312,640. This trade represents a 15.63% decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Price Performance

NASDAQ BELFB opened at $142.08 on Friday. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $152.45. The firm’s fifty day simple moving average is $129.74 and its two-hundred day simple moving average is $95.78. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.80 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.84 and a beta of 1.59.

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 paid a $0.07 dividend. 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. The ex-dividend date is Wednesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is 6.86%.

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.