Universal Beteiligungs und Servicegesellschaft mbH Sells 18,700 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Bel Fuse Inc. by 33.9%, selling 18,700 shares, and now holds approximately 0.29% of the company's stock valued at $2.73 million.
• Analysts have increased their price targets for Bel Fuse, with Northland Securities raising its target from $93.00 to $110.00 and an average target price now set at $113.60.
• In insider trading news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock for approximately $336,120, decreasing his ownership by 24.76%.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 33.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 36,499 shares of the electronics maker's stock after selling 18,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.29% of Bel Fuse worth $2,732,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its position 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 purchasing an additional 4,574 shares during the period. Paragon Associates & Paragon Associates II Joint Venture increased its position in shares of Bel Fuse by 7.9% during the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock worth $5,608,000 after buying an additional 5,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bel Fuse by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock worth $1,670,000 after buying an additional 4,204 shares during the last quarter. Millennium Management LLC acquired a new position in Bel Fuse in the fourth quarter valued at $305,000. Finally, Teacher Retirement System of Texas bought a new stake in Bel Fuse during the first quarter valued at $404,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Analyst Upgrades and Downgrades

BELFB has been the topic of a number of research reports. Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Northland Securities upped their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Wall Street Zen raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. 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. Finally, Robert W. Baird assumed coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Bel Fuse has a consensus rating of "Buy" and a consensus target price of $113.60.

Insider Buying and Selling

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction 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 completion of the sale, the vice president directly owned 12,155 shares in the company, valued at approximately $1,021,384.65. The trade was a 24.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the transaction, the insider directly owned 14,265 shares in the company, valued at $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Stock Down 2.0%

Bel Fuse stock traded down $2.54 during trading hours on Friday, hitting $127.50. 201,469 shares of the stock traded hands, compared to its average volume of 115,594. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $131.68. The company has a market cap of $1.62 billion, a PE ratio of 31.25, a PEG ratio of 1.73 and a beta of 1.51. The firm's 50-day moving average price is $93.70 and its two-hundred day moving average price is $82.06.

Bel Fuse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid 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 of this dividend is Wednesday, October 15th. Bel Fuse's payout ratio is 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.