Roubaix Capital LLC Sells 12,489 Shares of Bel Fuse Inc. $BELFB

Key Points

• Roubaix Capital LLC has reduced its holdings in Bel Fuse Inc. by 15.1%, making it the firm's 10th largest position, with approximately $5.26 million invested.
• Bel Fuse has announced an increase in its quarterly dividend from $0.06 to $0.07 per share, payable on October 31st, with an annualized yield of 0.2%.
• A number of analysts have given Bel Fuse positive ratings, with Needham & Company raising its price target for the stock from $116.00 to $130.00, contributing to a consensus rating of "Buy."

Roubaix Capital LLC trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,280 shares of the electronics maker's stock after selling 12,489 shares during the period. Bel Fuse makes up about 2.7% of Roubaix Capital LLC's portfolio, making the stock its 10th biggest position. Roubaix Capital LLC owned about 0.55% of Bel Fuse worth $5,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Herald Investment Management Ltd lifted its stake in Bel Fuse by 25.0% during the 1st quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker's stock valued at $2,239,000 after acquiring an additional 6,000 shares during the period. Koss Olinger Consulting LLC acquired a new stake in Bel Fuse during the 1st quarter valued at approximately $639,000. GAMMA Investing LLC lifted its stake in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock valued at $347,000 after acquiring an additional 4,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bel Fuse by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock valued at $1,670,000 after acquiring an additional 4,204 shares during the period. Finally, Millennium Management LLC acquired a new stake in Bel Fuse during the 4th quarter valued at approximately $305,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Price Performance

NASDAQ BELFB traded up $0.61 on Wednesday, hitting $128.41. The company had a trading volume of 91,074 shares, compared to its average volume of 117,214. The company has a market capitalization of $1.63 billion, a PE ratio of 31.47, a PEG ratio of 1.81 and a beta of 1.52. The company's fifty day moving average price is $108.56 and its 200-day moving average price is $86.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $136.56.

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 represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a boost from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's payout ratio is presently 6.86%.

Wall Street Analysts Forecast Growth

BELFB has been the subject of several research reports. Robert W. Baird initiated coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Northland Securities boosted their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Finally, Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Two investment 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 has an average rating of "Buy" and an average target price of $113.60.

Insider Buying and Selling at Bel Fuse

In other 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 transaction of $152,484.00. Following the completion of the sale, the insider 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.00, for a total transaction of $243,200.00. Following the sale, the vice president directly owned 10,255 shares of the company's stock, valued at $1,312,640. The trade was a 15.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,100 shares of company stock valued at $731,804. 5.37% of the stock is owned by insiders.

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.