Bel Fuse Inc. $BELFB Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Bel Fuse Inc. by 31.8%, owning approximately $3.81 million worth of shares as of its latest SEC filing.
• Bel Fuse recently increased its quarterly dividend to $0.07 per share, up from $0.06, with the ex-dividend date set for October 15th.
• Investment analysts generally maintain a positive outlook on Bel Fuse, with a consensus rating of "Buy" and a target price averaging $113.60.

Russell Investments Group Ltd. increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 31.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,886 shares of the electronics maker's stock after purchasing an additional 12,269 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.40% of Bel Fuse worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in Bel Fuse in the 1st quarter valued at about $19,007,000. Brown Advisory Inc. purchased a new stake in Bel Fuse in the 4th quarter valued at about $11,807,000. Janus Henderson Group PLC grew its holdings in Bel Fuse by 55.4% in the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock valued at $32,821,000 after buying an additional 141,951 shares during the period. Potrero Capital Research LLC grew its holdings in Bel Fuse by 107.1% in the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker's stock valued at $12,039,000 after buying an additional 75,483 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Bel Fuse in the 1st quarter valued at about $4,280,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Analysts Set New Price Targets

BELFB has been the subject of several recent analyst reports. Wall Street Zen cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Saturday. Needham & Company LLC boosted their target price on Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Robert W. Baird assumed coverage on Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 target price for the company. Northland Securities boosted their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Finally, Oppenheimer set a $125.00 target price on Bel Fuse and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Bel Fuse has a consensus rating of "Buy" and an average price target of $113.60.

Bel Fuse Stock Up 3.3%

NASDAQ BELFB traded up $4.43 on Monday, reaching $137.03. The company had a trading volume of 214,218 shares, compared to its average volume of 158,790. The firm has a market capitalization of $1.73 billion, a PE ratio of 33.59, a P/E/G ratio of 1.82 and a beta of 1.52. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $137.37. The firm has a 50-day moving average of $112.21 and a 200-day moving average of $88.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72.

Bel Fuse Increases Dividend

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

Insider Buying and Selling

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the transaction, the insider directly owned 14,265 shares in the company, valued at $1,812,653.55. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm'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 directly owned 10,255 shares of the company's stock, valued at approximately $1,312,640. This represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock valued at $731,804 in the last three months. Corporate insiders own 5.37% of the company's stock.

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.