8,114 Shares in Bel Fuse Inc. $BELFB Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,114 shares of the electronics maker’s stock, valued at approximately $1,376,000. Oliver Luxxe Assets LLC owned about 0.06% of Bel Fuse at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Bel Fuse by 2.6% in the second quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock valued at $31,451,000 after purchasing an additional 8,243 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Bel Fuse by 33.6% in the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock valued at $27,745,000 after purchasing an additional 71,390 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Bel Fuse by 66.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock worth $34,584,000 after purchasing an additional 98,178 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Bel Fuse by 0.8% during the 2nd quarter. Loomis Sayles & Co. L P now owns 196,519 shares of the electronics maker’s stock worth $19,198,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Bel Fuse by 27.1% during the 3rd quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker’s stock worth $24,620,000 after purchasing an additional 37,175 shares during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the transaction, the director directly owned 15,047 shares in the company, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.37% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB opened at $204.09 on Monday. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $248.61. The company’s 50 day simple moving average is $212.68 and its 200 day simple moving average is $175.74. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.07 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 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 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio is currently 5.70%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BELFB. Needham & Company LLC upped their target price on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Northland Securities set a $266.00 price objective on Bel Fuse in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.20.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.