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Koss Olinger Consulting LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Bel Fuse logo with Computer and Technology background

Key Points

  • Koss Olinger Consulting LLC acquired a new position in Bel Fuse Inc., purchasing 8,532 shares valued at approximately $639,000.
  • Bel Fuse announced an increase in its quarterly dividend, now at $0.07 per share, with a pay date set for October 31st, representing an annualized yield of 0.2%.
  • A number of analysts have recently rated Bel Fuse as a "buy" or "strong-buy" with a consensus target price of $113.60.
  • Need Better Tools to Track Bel Fuse? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Koss Olinger Consulting LLC bought a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,532 shares of the electronics maker's stock, valued at approximately $639,000. Koss Olinger Consulting LLC owned approximately 0.07% of Bel Fuse at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Herald Investment Management Ltd boosted its holdings in Bel Fuse by 25.0% in the first quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker's stock worth $2,239,000 after acquiring an additional 6,000 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Bel Fuse during the first quarter valued at $2,229,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 12,808 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Bel Fuse by 5.1% during the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker's stock valued at $493,000 after purchasing an additional 320 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after purchasing an additional 854 shares in the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Stock Down 0.0%

Bel Fuse stock opened at $132.58 on Friday. The stock has a market cap of $1.68 billion, a PE ratio of 32.50, a price-to-earnings-growth 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. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $136.10. The stock has a fifty day moving average of $100.69 and a 200 day moving average of $84.19.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer set a $125.00 price target on Bel Fuse and gave the company 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 set an "outperform" rating and a $88.00 price target on the stock. Baird R W raised Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Wall Street Zen raised Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Northland Securities upped their price target on Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Five equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $113.60.

Read Our Latest Stock Analysis on Bel Fuse

Insiders Place Their Bets

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,900 shares of the company'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 completion of the sale, the vice president owned 10,255 shares in the company, valued at $1,312,640. This represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the company's 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,100 shares of company stock valued at $731,804. 5.37% of the stock is owned by company insiders.

Bel Fuse Profile

(Free Report)

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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Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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