Charles Schwab Investment Management Inc. Sells 5,713 Shares of Bel Fuse Inc. $BELFB

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Bel Fuse Inc. by 5.5%, holding approximately $7.29 million worth of the stock after selling 5,713 shares in the first quarter.
• Bel Fuse recently announced an increase in its quarterly dividend from $0.06 to $0.07 per share, indicating a 0.2% yield and a payout ratio of 6.86%.
• Institutional investors own 58.39% of Bel Fuse, and analysts generally rate the stock as a "Buy" with an average price target of $113.60.

Charles Schwab Investment Management Inc. decreased its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,391 shares of the electronics maker's stock after selling 5,713 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.78% of Bel Fuse worth $7,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BELFB. Vanguard Group Inc. lifted its stake in shares of Bel Fuse by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock worth $68,654,000 after acquiring an additional 12,808 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock worth $347,000 after acquiring an additional 4,574 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 worth $1,670,000 after acquiring an additional 4,204 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Bel Fuse during the 4th quarter worth approximately $305,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Bel Fuse during the 1st quarter worth approximately $404,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Analyst Ratings Changes

BELFB has been the subject of a number of research analyst reports. Robert W. Baird initiated coverage on Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price target for the company. Needham & Company LLC raised their price target on Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. 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. Finally, Northland Securities raised their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $113.60.

Bel Fuse Stock Down 1.3%

NASDAQ BELFB traded down $1.73 on Monday, reaching $134.56. 90,388 shares of the stock traded hands, compared to its average volume of 137,610. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The company has a fifty day moving average price of $116.92 and a 200-day moving average price of $90.01. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.74 and a beta of 1.59. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $141.80.

Bel Fuse Increases Dividend

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

Insider Buying and Selling at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Dawson sold 1,200 shares of the business's 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 completion of the transaction, the insider directly owned 14,265 shares of the company's stock, valued at approximately $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. Over the last three months, insiders sold 7,100 shares of company stock valued at $731,804. Corporate insiders own 5.37% of the company's stock.

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.