BNP Paribas Financial Markets Purchases 200 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

BNP Paribas Financial Markets raised its position in Bel Fuse Inc. (NASDAQ:BELFB) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,197 shares of the electronics maker’s stock after purchasing an additional 200 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bel Fuse were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in shares of Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after buying an additional 123,092 shares during the period. Isthmus Partners LLC bought a new position in shares of Bel Fuse during the second quarter valued at $39,000. Hodges Capital Management Inc. bought a new position in shares of Bel Fuse during the second quarter valued at $3,346,000. American Century Companies Inc. lifted its holdings in shares of Bel Fuse by 11.6% during the second quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock worth $18,024,000 after purchasing an additional 28,649 shares during the period. Finally, Pinnacle Associates Ltd. grew 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 purchasing an additional 22,995 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BELFB shares. Needham & Company LLC raised their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Northland Securities raised their price objective on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday. They set an “outperform” rating and a $105.00 price target for the company. Finally, StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of “Buy” and an average price target of $98.33.

Insiders Place Their Bets

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

Bel Fuse Stock Up 4.6 %

Shares of NASDAQ:BELFB opened at $91.36 on Wednesday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $91.50. 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 business’s 50-day moving average is $80.32 and its 200-day moving average is $72.40. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.30 and a beta of 1.33.

Bel Fuse Dividend Announcement

The firm 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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

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.