Bel Fuse Inc. (NASDAQ:BELFB) Shares Purchased by Herald Investment Management Ltd

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 boosted its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 25.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the electronics maker's stock after acquiring an additional 6,000 shares during the period. Herald Investment Management Ltd owned 0.24% of Bel Fuse worth $2,239,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $148,000. Franklin Resources Inc. increased its holdings in Bel Fuse by 106.1% in the 4th quarter. Franklin Resources Inc. now owns 10,876 shares of the electronics maker's stock worth $897,000 after acquiring an additional 5,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bel Fuse by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock worth $24,088,000 after acquiring an additional 2,722 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Bel Fuse by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 6,840 shares of the electronics maker's stock valued at $564,000 after buying an additional 1,339 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Bel Fuse by 0.6% during the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock valued at $3,185,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BELFB shares. Robert W. Baird initiated coverage on Bel Fuse in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target for the company. Oppenheimer set a $125.00 target price on Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Northland Securities boosted their price target 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 upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Finally, Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $113.60.

Bel Fuse Stock Performance

BELFB traded up $5.87 during midday trading on Tuesday, reaching $134.09. The company had a trading volume of 71,746 shares, compared to its average volume of 116,451. The stock has a market cap of $1.70 billion, a PE ratio of 32.87, a P/E/G ratio of 1.82 and a beta of 1.52. 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 business has a 50-day moving average price of $101.82 and a two-hundred day moving average price of $84.54. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $136.10.

Bel Fuse Increases Dividend

The company also recently declared 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 represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. This is an increase from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio is currently 6.86%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider directly owned 14,265 shares in the company, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company'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 completion of the transaction, the vice president owned 10,255 shares of the company's stock, valued at approximately $1,312,640. The trade was a 15.63% decrease in their ownership of the stock. 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 in the last three months. 5.37% of the stock is currently owned by corporate insiders.

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.