Investors Asset Management of Georgia Inc. GA ADV Has $2.46 Million Stock Holdings in Bel Fuse Inc. $BELFB

Key Points

• Investors Asset Management of Georgia Inc. reduced its holdings in Bel Fuse Inc. by 51.2%, leaving them with approximately $2.46 million or 1.1% of their investment portfolio.
• Bel Fuse announced a quarterly dividend increase to $0.07 per share, to be paid on October 31st, marking a rise from their previous quarterly dividend of $0.06.
• Analysts generally maintain a "Buy" consensus rating for Bel Fuse, with price targets ranging from $130.00 to $154.00, following various upgrades from prominent firms.

Investors Asset Management of Georgia Inc. GA ADV decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 51.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,207 shares of the electronics maker's stock after selling 26,494 shares during the quarter. Bel Fuse comprises approximately 1.1% of Investors Asset Management of Georgia Inc. GA ADV's investment portfolio, making the stock its 18th largest position. Investors Asset Management of Georgia Inc. GA ADV owned approximately 0.20% of Bel Fuse worth $2,462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock valued at $68,654,000 after acquiring an additional 12,808 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Bel Fuse by 1.5% in the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker's stock valued at $26,735,000 after acquiring an additional 5,376 shares during the period. Bessemer Group Inc. bought a new stake in Bel Fuse during the 1st quarter valued at $19,007,000. Makaira Partners LLC bought a new position in shares of Bel Fuse during the 1st quarter worth approximately $18,415,000. Finally, GW&K Investment Management LLC raised its position in Bel Fuse by 2.1% during the 1st quarter. GW&K Investment Management LLC now owns 217,998 shares of the electronics maker's stock worth $16,319,000 after buying an additional 4,405 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Down 2.4%

Shares of BELFB stock opened at $138.97 on Monday. The stock has a market cap of $1.76 billion, a P/E ratio of 34.06, a P/E/G ratio of 1.69 and a beta of 1.55. 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 stock has a 50 day moving average of $137.45 and a 200 day moving average of $100.63. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $152.45.

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 issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a positive change from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio (DPR) is 6.86%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,900 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the transaction, the vice president owned 10,255 shares in the company, valued at $1,312,640. The trade was a 15.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 value of $152,484.00. Following the completion of the sale, the insider 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. Corporate insiders own 5.37% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Bel Fuse in a research note on Saturday, September 27th. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Monday. Needham & Company LLC boosted their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Robert W. Baird upped their price target on Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $136.80.

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.

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