Vanguard Group Inc. Has $68.65 Million Stock Position in Bel Fuse Inc. $BELFB

Key Points

• Vanguard Group Inc. has increased its holdings in Bel Fuse Inc. by 1.4% during the first quarter, owning approximately 7.31% of the company, valued at $68,654,000.
• Bel Fuse announced an increase in its quarterly dividend from $0.06 to $0.07, to be paid on October 31st, with a current yield of 0.2%.
• Wall Street analysts have mixed ratings for Bel Fuse, with recent downgrades and price target adjustments, resulting in an average "Buy" rating and a consensus price target of $113.60.

Vanguard Group Inc. lifted its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,097 shares of the electronics maker's stock after acquiring an additional 12,808 shares during the period. Vanguard Group Inc. owned approximately 7.31% of Bel Fuse worth $68,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock valued at $330,000 after purchasing an additional 189 shares in the last quarter. CWM LLC boosted its stake in Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after buying an additional 228 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bel Fuse by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after buying an additional 234 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Bel Fuse by 5.1% during the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker's stock worth $493,000 after buying an additional 320 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Bel Fuse by 4.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker's stock worth $949,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Price Performance

BELFB traded down $1.73 during trading on Friday, hitting $134.56. The company's stock had a trading volume of 90,388 shares, compared to its average volume of 143,158. The firm's 50 day moving average price is $116.10 and its two-hundred day moving average price is $89.54. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $141.80. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.52.

Bel Fuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. This is a positive change from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio is presently 6.86%.

Insider Activity

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird assumed coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price target on the stock. Oppenheimer set a $125.00 price target on shares of Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Wall Street Zen cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $113.60.

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.