Bel Fuse Inc. $BELFB Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 917,097 shares of the electronics maker's stock after buying an additional 12,808 shares during the period. Vanguard Group Inc. owned about 7.31% of Bel Fuse worth $68,654,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wells Fargo & Company MN increased its holdings in shares of Bel Fuse by 24.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,840 shares of the electronics maker's stock worth $564,000 after acquiring an additional 1,339 shares during the period. Barclays PLC lifted its holdings in Bel Fuse by 10.9% in the fourth quarter. Barclays PLC now owns 17,750 shares of the electronics maker's stock worth $1,464,000 after purchasing an additional 1,742 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Bel Fuse by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker's stock worth $331,000 after purchasing an additional 608 shares during the period. Northern Trust Corp lifted its holdings in Bel Fuse by 11.9% in the fourth quarter. Northern Trust Corp now owns 115,503 shares of the electronics maker's stock worth $9,526,000 after purchasing an additional 12,307 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Bel Fuse by 52.8% in the fourth quarter. Jane Street Group LLC now owns 16,331 shares of the electronics maker's stock worth $1,347,000 after purchasing an additional 5,641 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BELFB shares. Northland Securities upped their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Robert W. Baird started coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price objective for the company. Oppenheimer set a $125.00 price objective on shares of Bel Fuse and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, Bel Fuse presently has an average rating of "Buy" and an average price target of $113.60.

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the transaction, the vice president directly owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,200 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the sale, the insider owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $731,804 over the last ninety days. 5.37% of the stock is currently owned by insiders.

Bel Fuse Trading Up 2.9%

Shares of NASDAQ BELFB opened at $132.60 on Monday. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $136.56. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 1.82 and a beta of 1.52. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $111.24 and a 200-day simple moving average of $87.69.

Bel Fuse Increases Dividend

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

Bel Fuse 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.

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