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Apis Capital Advisors LLC Acquires 8,600 Shares of Bel Fuse Inc. $BELFB

Bel Fuse logo with Computer and Technology background

Key Points

  • Apis Capital Advisors LLC increased its stake in Bel Fuse Inc. by 67.2%, now owning 21,400 shares valued at $1.6 million after acquiring an additional 8,600 shares during the first quarter.
  • Bel Fuse announced a quarterly dividend increase from $0.06 to $0.07, payable to shareholders on October 31st, reflecting the company's commitment to returning value to shareholders.
  • Recent analyst ratings show growing confidence in Bel Fuse, with several analysts raising target prices and expectations, maintaining an average rating of "Buy" with a target price of $113.60.
  • Five stocks to consider instead of Bel Fuse.

Apis Capital Advisors LLC increased its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 67.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,400 shares of the electronics maker's stock after purchasing an additional 8,600 shares during the period. Apis Capital Advisors LLC owned 0.17% of Bel Fuse worth $1,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock worth $330,000 after purchasing an additional 189 shares during the period. CWM LLC grew its stake in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after acquiring an additional 228 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bel Fuse by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after acquiring an additional 234 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Bel Fuse by 5.1% in the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker's stock worth $493,000 after acquiring an additional 320 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Bel Fuse by 4.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker's stock worth $949,000 after acquiring an additional 523 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the transaction, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. The trade was a 24.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the transaction, the insider owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,100 shares of company stock valued at $731,804. Company insiders own 5.37% of the company's stock.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $134.56 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 32.98, a P/E/G ratio of 1.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The business has a 50 day simple moving average of $116.10 and a two-hundred day simple moving average of $89.60. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $141.80.

Bel Fuse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.07 dividend. This is a positive change from Bel Fuse's previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse's dividend payout ratio (DPR) is presently 6.86%.

Analyst Ratings Changes

BELFB has been the topic of a number of recent research reports. Northland Securities increased their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Robert W. Baird started coverage on Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective on the stock. Wall Street Zen cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Oppenheimer set a $125.00 target price on Bel Fuse and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $113.60.

Check Out Our Latest Stock Report on Bel Fuse

Bel Fuse Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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