UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.26 Million Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,050 shares of the electronics maker’s stock after selling 2,661 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bel Fuse were worth $1,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Bel Fuse during the third quarter worth about $39,000. Comerica Bank raised its position in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 510 shares during the period. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new position in Bel Fuse during the third quarter valued at approximately $200,000. Finally, One Wealth Advisors LLC bought a new stake in Bel Fuse in the third quarter valued at approximately $227,000. Institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction that occurred 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 owns 14,832 shares in the company, 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 %

NASDAQ:BELFB opened at $91.36 on Wednesday. The company has a market cap of $1.15 billion, a PE ratio of 20.95 and a beta of 1.33. The stock has a 50-day simple moving average of $80.32 and a 200 day simple moving average of $72.40. 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 52-week low of $45.74 and a 52-week high of $91.50.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis 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 currently 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.