Kovitz Investment Group Partners LLC Purchases New Shares in Bel Fuse Inc. $BELFB

Key Points

• Kovitz Investment Group Partners LLC has acquired 3,871 shares of Bel Fuse Inc., valued at approximately $290,000, according to their recent SEC filing.
• Bel Fuse has seen significant interest from other institutional investors, with Bessemer Group Inc. investing approximately $19 million and Janus Henderson Group PLC increasing their stake by 55.4%.
• The company recently announced a quarterly dividend increase, with a payment of $0.07 scheduled for October 31st, up from the previous $0.06, reflecting a positive trend in dividend policy.

Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,871 shares of the electronics maker's stock, valued at approximately $290,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Bel Fuse by 147.1% in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after buying an additional 854 shares during the last quarter. ProShare Advisors LLC bought a new stake in Bel Fuse in the 4th quarter valued at about $240,000. Millennium Management LLC bought a new stake in shares of Bel Fuse during the 4th quarter valued at $305,000. Finally, Principal Financial Group Inc. grew its stake in Bel Fuse by 4.5% during the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock worth $330,000 after buying an additional 189 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the business'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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,100 shares of company stock valued at $731,804. 5.37% of the stock is owned by insiders.

Bel Fuse Trading Up 3.3%

NASDAQ:BELFB traded up $4.43 during trading hours on Monday, hitting $137.03. The company had a trading volume of 214,218 shares, compared to its average volume of 158,790. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The stock has a 50-day moving average price of $112.21 and a 200 day moving average price of $88.08. The company has a market capitalization of $1.73 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.52. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $137.37.

Bel Fuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. This is a boost from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's payout ratio is presently 6.86%.

Analyst Ratings Changes

BELFB has been the topic of several recent analyst reports. Wall Street Zen lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Northland Securities increased their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird started coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price on the stock. Finally, Needham & Company LLC increased their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and a consensus price target of $113.60.

Bel Fuse Profile

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.