Charles Schwab Investment Management Inc. Has $7.29 Million Stock Position in 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. cut 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 filing with the Securities and Exchange Commission. The institutional investor owned 97,391 shares of the electronics maker's stock after selling 5,713 shares during the period. 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.

Several other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in Bel Fuse during the first quarter worth $19,007,000. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse during the 4th quarter worth about $11,807,000. Janus Henderson Group PLC lifted its holdings in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock valued at $32,821,000 after purchasing an additional 141,951 shares during the last quarter. Potrero Capital Research LLC lifted its holdings in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker's stock valued at $12,039,000 after purchasing an additional 75,483 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Bel Fuse in the first quarter valued at about $4,280,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Stock Up 1.7%

Shares of NASDAQ BELFB opened at $139.31 on Wednesday. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $140.25. The firm's 50-day moving average is $113.25 and its 200-day moving average is $88.44. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.76 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.52.

Bel Fuse Increases Dividend

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

Insider Activity at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the 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 sale, the insider directly owned 14,265 shares in the company, valued at $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm's stock in a transaction that occurred 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 owned 10,255 shares in the company, valued at $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock valued at $731,804 in the last ninety days. Insiders own 5.37% of the company's stock.

Wall Street Analyst Weigh In

BELFB has been the subject of a number of research analyst reports. Northland Securities lifted 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 price objective on Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Robert W. Baird assumed coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective on the stock. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of "Buy" and an average price target of $113.60.

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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