Herald Investment Management Ltd Purchases 6,000 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Key Points

• Herald Investment Management Ltd increased its stock position in Bel Fuse Inc. by 25.0%, now holding 30,000 shares worth approximately $2.24 million.
• Bel Fuse recently declared a dividend increase, raising its quarterly payout from $0.06 to $0.07, with a total annualized yield of 0.2%.
• Several analysts have upgraded their ratings for Bel Fuse, with a consensus price target of $113.60 and multiple firms issuing "outperform" and "strong-buy" ratings.

Herald Investment Management Ltd lifted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 25.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,000 shares of the electronics maker's stock after purchasing an additional 6,000 shares during the quarter. Herald Investment Management Ltd owned about 0.24% of Bel Fuse worth $2,239,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BELFB. CWM LLC grew its stake in shares of Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after buying an additional 228 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the 4th quarter worth approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Bel Fuse by 40.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after purchasing an additional 854 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Bel Fuse during the 4th quarter worth approximately $240,000. Finally, Millennium Management LLC acquired a new stake in Bel Fuse during the 4th quarter worth approximately $305,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Insider Transactions at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total transaction of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares of the company's stock, valued at $1,312,640. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the transaction, the insider directly owned 14,265 shares in the company, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock valued at $731,804 over the last ninety days. Company insiders own 5.37% of the company's stock.

Bel Fuse Trading Down 0.0%

Shares of NASDAQ:BELFB traded down $0.03 during midday trading on Friday, reaching $132.58. The company had a trading volume of 156,473 shares, compared to its average volume of 176,328. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $136.10. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.52. The company has a fifty day simple moving average of $100.69 and a two-hundred day simple moving average of $84.21.

Bel Fuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid 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 dividend yield of 0.2%. Bel Fuse's dividend payout ratio (DPR) is 6.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Robert W. Baird assumed coverage on Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target for the company. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, Needham & Company LLC increased their target price on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $113.60.

About Bel Fuse

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.