Koss Olinger Consulting LLC Acquires Shares of 8,532 Bel Fuse Inc. (NASDAQ:BELFB)

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.

Koss Olinger Consulting LLC bought a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its position in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after buying an additional 228 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse in the fourth quarter worth approximately $240,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of 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 acquiring an additional 854 shares during the last quarter. Millennium Management LLC purchased a new position in Bel Fuse during the 4th quarter valued at $305,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Bel Fuse by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker's stock worth $331,000 after purchasing an additional 608 shares during the period. Hedge funds and other institutional investors own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Northland Securities lifted their target price on 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 price target on shares of Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Robert W. Baird initiated coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. 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 data from MarketBeat, Bel Fuse presently has an average rating of "Buy" and a consensus price target of $113.60.

Insiders Place Their Bets

In other news, insider Stephen Dawson sold 1,200 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the business's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $731,804 in the last 90 days. Company insiders own 5.37% of the company's stock.

Bel Fuse Price Performance

Shares of BELFB traded down $3.98 during trading hours on Thursday, hitting $130.61. 32,714 shares of the stock were exchanged, compared to its average volume of 116,825. The stock's 50-day moving average price is $104.27 and its two-hundred day moving average price is $85.23. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 1.85 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 12-month low of $57.99 and a 12-month high of $136.56.

Bel Fuse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.07 dividend. This is an increase from Bel Fuse's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Bel Fuse's dividend payout ratio (DPR) is presently 6.86%.

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.