Bel Fuse Inc. $BELFB Shares Sold by Advisory Research Inc.

Advisory Research Inc. lessened its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 50.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,560 shares of the electronics maker’s stock after selling 197,298 shares during the period. Bel Fuse makes up about 3.6% of Advisory Research Inc.’s portfolio, making the stock its 6th largest holding. Advisory Research Inc. owned approximately 1.53% of Bel Fuse worth $27,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 115 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Bel Fuse during the 3rd quarter worth $78,000. BNP Paribas Financial Markets grew its position in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 375 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Stock Down 2.8%

Shares of NASDAQ:BELFB opened at $195.18 on Friday. Bel Fuse Inc. has a 52-week low of $57.99 and a 52-week high of $248.61. The business’s 50 day simple moving average is $209.56 and its two-hundred day simple moving average is $172.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The firm has a market cap of $2.47 billion, a P/E ratio of 39.75, a PEG ratio of 2.04 and a beta of 1.52.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued 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 is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Needham & Company LLC increased their target price on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Northland Securities set a $266.00 target price on shares of Bel Fuse in a report on Thursday, February 19th. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.20.

Insider Activity

In other news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares in the company, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.37% of the company’s stock.

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.