Expect Equity LLC Buys 2,120 Shares of Bel Fuse Inc. $BELFB

Key Points

• Expect Equity LLC increased its stake in Bel Fuse Inc. by 6.8%, owning 33,211 shares valued at approximately $2.5 million.
• Bel Fuse has received multiple analyst upgrades, with target prices raised by firms like Northland Securities and Needham & Company, indicating a market consensus of "Buy."
• The company is set to increase its quarterly dividend from $0.06 to $0.07, representing an annualized payout of $0.28 with a dividend yield of 0.2%.

Expect Equity LLC increased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,211 shares of the electronics maker's stock after purchasing an additional 2,120 shares during the period. Bel Fuse accounts for 2.8% of Expect Equity LLC's portfolio, making the stock its 11th largest holding. Expect Equity LLC owned 0.26% of Bel Fuse worth $2,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming raised its position in shares of Bel Fuse by 189.9% during the 1st quarter. State of Wyoming now owns 4,114 shares of the electronics maker's stock valued at $308,000 after purchasing an additional 2,695 shares during the period. Tema Etfs LLC grew its stake in Bel Fuse by 351.3% during the first quarter. Tema Etfs LLC now owns 38,417 shares of the electronics maker's stock valued at $2,876,000 after acquiring an additional 29,905 shares in the last quarter. Makaira Partners LLC purchased a new position in Bel Fuse during the first quarter valued at $18,415,000. Aristides Capital LLC purchased a new position in Bel Fuse during the first quarter valued at $225,000. Finally, Walleye Capital LLC purchased a new position in Bel Fuse during the first quarter valued at $256,000. 58.39% of the stock is currently owned by institutional investors.

Insider Transactions at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $127.07, for a total transaction of $152,484.00. Following the transaction, the insider directly owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock valued at $731,804. 5.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on BELFB. Robert W. Baird raised their target price on shares of Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a research note on Wednesday. Northland Securities raised 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 cut shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $126.80.

Bel Fuse Trading Up 1.4%

Shares of BELFB stock traded up $1.97 during trading hours on Wednesday, reaching $137.94. 60,665 shares of the stock were exchanged, compared to its average volume of 117,738. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $141.80. 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 company's 50-day moving average price is $117.79 and its 200-day moving average price is $90.33. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59.

Bel Fuse Increases Dividend

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