Bel Fuse Inc. (NASDAQ:BELFB) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 319.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,008 shares of the electronics maker’s stock after acquiring an additional 12,192 shares during the quarter. Barclays PLC’s holdings in Bel Fuse were worth $1,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake 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 purchasing an additional 8,442 shares during the last quarter. Geode Capital Management LLC raised its position in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after buying an additional 6,250 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Bel Fuse by 80.7% during the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after acquiring an additional 7,922 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Bel Fuse by 47.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after acquiring an additional 24,490 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake 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 worth $2,880,000 after acquiring an additional 22,995 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Price Performance

Bel Fuse stock opened at $76.59 on Tuesday. The company’s 50 day simple moving average is $81.06 and its 200-day simple moving average is $74.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61. The company has a market capitalization of $960.82 million, a price-to-earnings ratio of 17.57 and a beta of 1.30.

Bel Fuse Dividend Announcement

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 paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is 6.42%.

Analyst Upgrades and Downgrades

BELFB has been the topic of several analyst reports. Northland Securities raised their target price on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Needham & Company LLC raised their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Oppenheimer initiated coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $98.33.

Insider Transactions at Bel Fuse

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

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.