Victory Capital Management Inc. Grows Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Victory Capital Management Inc. grew its position in Bel Fuse Inc. (NASDAQ:BELFB) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,321 shares of the electronics maker’s stock after purchasing an additional 8,442 shares during the quarter. Victory Capital Management Inc.’s holdings in Bel Fuse were worth $3,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Beach Investment Counsel Inc. PA purchased a new stake in shares of Bel Fuse during the second quarter valued at $25,000. Isthmus Partners LLC purchased a new stake in shares of Bel Fuse during the second quarter valued at $39,000. nVerses Capital LLC purchased a new stake in shares of Bel Fuse during the third quarter valued at $39,000. Comerica Bank grew its holdings in shares of Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Bel Fuse during the third quarter valued at $200,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BELFB shares. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Needham & Company LLC upped their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Insider Buying and Selling

In related news, insider Stephen Dawson sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Bel Fuse Stock Performance

Bel Fuse stock opened at $79.41 on Friday. The firm has a 50 day simple moving average of $78.57 and a 200-day simple moving average of $70.38. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $85.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The stock has a market cap of $996.60 million, a price-to-earnings ratio of 18.21 and a beta of 1.35.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s payout ratio is currently 6.42%.

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.