Bel Fuse Inc. $BELFB Shares Bought by Creative Planning

Creative Planning raised its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,267 shares of the electronics maker’s stock after purchasing an additional 513 shares during the quarter. Creative Planning owned 0.09% of Bel Fuse worth $1,101,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BELFB. Makaira Partners LLC purchased a new stake in shares of Bel Fuse in the first quarter worth about $18,415,000. Bessemer Group Inc. lifted its holdings in Bel Fuse by 28.3% in the second quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock valued at $31,827,000 after acquiring an additional 71,895 shares during the period. Tema Etfs LLC lifted its holdings in Bel Fuse by 351.3% in the first quarter. Tema Etfs LLC now owns 38,417 shares of the electronics maker’s stock valued at $2,876,000 after acquiring an additional 29,905 shares during the period. CenterBook Partners LP purchased a new stake in Bel Fuse in the 1st quarter worth approximately $2,229,000. Finally, Nuveen LLC acquired a new stake in shares of Bel Fuse during the 1st quarter worth approximately $2,069,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, the vice president owned 7,755 shares of the company’s stock, valued at $1,100,899.80. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Berry sold 408 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the sale, the vice president directly owned 17,893 shares of the company’s stock, valued at $2,580,707.39. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,027 shares of company stock valued at $435,034 over the last quarter. 5.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BELFB has been the subject of several analyst reports. Needham & Company LLC boosted their target price on shares of Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Northland Securities set a $188.00 target price on Bel Fuse in a research report on Friday, October 31st. Zacks Research raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Trading Up 0.9%

Shares of Bel Fuse stock opened at $154.02 on Friday. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $167.04. The firm has a market capitalization of $1.95 billion, a PE ratio of 29.62, a P/E/G ratio of 1.86 and a beta of 1.59. The firm’s 50-day moving average price is $148.34 and its 200 day moving average price is $122.82.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse’s payout ratio is currently 5.38%.

Bel Fuse Company 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.