Bel Fuse Inc. $BELFB Position Trimmed by Dean Capital Management

Key Points

• Dean Capital Management reduced its stake in Bel Fuse Inc. by 19.7%, now holding 34,462 shares, which constitutes 1.1% of its overall portfolio.
• Bel Fuse recently declared a quarterly dividend increase to $0.07 per share, marking a boost from the previous $0.06, with a pay date set for October 31st.
• Several analysts have rated Bel Fuse stock with an overall average rating of "Buy" and an average price target of $126.80, reflecting confidence in the company's growth potential.

Dean Capital Management trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,462 shares of the electronics maker's stock after selling 8,447 shares during the period. Bel Fuse comprises 1.1% of Dean Capital Management's investment portfolio, making the stock its 15th largest position. Dean Capital Management owned 0.27% of Bel Fuse worth $2,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BELFB. CWM LLC lifted its position in Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after buying an additional 228 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after buying an additional 854 shares in the last quarter. Aristides Capital LLC acquired a new position in Bel Fuse during the first quarter valued at approximately $225,000. ProShare Advisors LLC acquired a new position in Bel Fuse during the fourth quarter valued at approximately $240,000. Finally, Walleye Capital LLC acquired a new position in Bel Fuse during the first quarter valued at approximately $256,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Northland Securities lifted their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Robert W. Baird boosted their target price on shares of Bel Fuse from $130.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $126.80.

Bel Fuse Stock Down 4.4%

Shares of NASDAQ BELFB traded down $6.59 during trading on Friday, reaching $141.73. 62,130 shares of the stock were exchanged, compared to its average volume of 113,383. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. The business's 50-day moving average price is $125.22 and its 200 day moving average price is $93.73. 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 twelve month low of $57.99 and a twelve month high of $150.67.

Bel Fuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.07 dividend. This is a boost from Bel Fuse's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Bel Fuse's dividend payout ratio is currently 6.86%.

Insider Buying and Selling at Bel Fuse

In related news, insider Stephen Dawson sold 1,200 shares of the company'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 sale, the insider directly owned 14,265 shares of the company's stock, valued at $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.00, for a total transaction of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares in the company, valued at $1,312,640. This represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company's stock.

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.