B. Metzler seel. Sohn & Co. AG Takes $843,000 Position in Bel Fuse Inc. $BELFB

Key Points

• B. Metzler bought a new stake of 4,970 shares in Bel Fuse during Q4, valued at approximately $843,000.
• Insider selling was significant: CEO Farouq Salem Ali Tuweiq sold 33,967 shares (~$7.95M) and Director Peter E. Gilbert sold 4,500 shares (~$1.07M), leaving insiders with 5.37% ownership.
• Shares trade near their 52-week high (~$276.65 vs $278.42), the company has a market cap of $3.5B and a P/E of 56.34, and Bel Fuse declared a quarterly dividend of $0.07 (annual $0.28, ~0.1% yield).

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,970 shares of the electronics maker's stock, valued at approximately $843,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BELFB. Farther Finance Advisors LLC lifted its position in shares of Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker's stock valued at $25,000 after buying an additional 117 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Bel Fuse by 139.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker's stock valued at $37,000 after buying an additional 151 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker's stock valued at $47,000 after buying an additional 115 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $78,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker's stock valued at $98,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director owned 15,047 shares in the company, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.37% of the company's stock.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $276.65 on Monday. The stock's fifty day moving average is $222.02 and its two-hundred day moving average is $190.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The firm has a market capitalization of $3.50 billion, a P/E ratio of 56.34, a PEG ratio of 2.81 and a beta of 1.56. Bel Fuse Inc. has a fifty-two week low of $64.00 and a fifty-two week high of $278.42.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse's dividend payout ratio (DPR) is presently 5.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BELFB shares. Wall Street Zen lowered Bel Fuse from a "buy" rating to a "hold" rating in a research report on Monday, March 16th. Northland Securities set a $266.00 target price on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings lowered Bel Fuse from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, February 25th. Zacks Research lowered Bel Fuse from a "strong-buy" rating to a "hold" rating in a report on Friday, January 2nd. Finally, Needham & Company LLC raised their price objective on Bel Fuse from $212.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $216.50.

Bel Fuse Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.

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