Bel Fuse Inc. (NASDAQ:BELFB) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,298 shares of the electronics maker’s stock after acquiring an additional 6,250 shares during the quarter. Geode Capital Management LLC’s holdings in Bel Fuse were worth $22,716,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Bel Fuse by 26.5% in the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after acquiring an additional 8,442 shares during the last quarter. Tectonic Advisors LLC grew its position in shares of Bel Fuse by 80.7% in the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after purchasing an additional 7,922 shares during the period. Hodges Capital Management Inc. grew its position in shares of Bel Fuse by 47.7% in the third quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after purchasing an additional 24,490 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Bel Fuse by 168.0% in the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock valued at $2,880,000 after purchasing an additional 22,995 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Bel Fuse Price Performance

BELFB stock opened at $81.45 on Friday. The stock has a 50-day moving average price of $80.53 and a two-hundred day moving average price of $73.45. Bel Fuse Inc. has a 12-month low of $45.74 and a 12-month high of $92.61. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.02 billion, a PE ratio of 18.68 and a beta of 1.33.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Northland Securities lifted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer assumed coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. StockNews.com downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, Needham & Company LLC boosted their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $98.33.

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.