Russell Investments Group Ltd. Purchases 12,269 Shares of Bel Fuse Inc. $BELFB

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 position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 31.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,886 shares of the electronics maker's stock after purchasing an additional 12,269 shares during the period. Russell Investments Group Ltd. owned about 0.40% of Bel Fuse worth $3,809,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock valued at $330,000 after acquiring an additional 189 shares during the period. CWM LLC grew its position in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Bel Fuse by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock valued at $486,000 after acquiring an additional 234 shares during the period. Mackenzie Financial Corp grew its position in Bel Fuse by 5.1% in the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker's stock valued at $493,000 after acquiring an additional 320 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in Bel Fuse by 4.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker's stock valued at $949,000 after acquiring an additional 523 shares during the period. 58.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BELFB. Needham & Company LLC upped their price target on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Robert W. Baird began coverage on Bel Fuse in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target on the stock. Wall Street Zen cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Northland Securities increased 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 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, the company has an average rating of "Buy" and a consensus price target of $113.60.

Insider Activity

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm'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 transaction, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Dawson sold 1,200 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were 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 in the company, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,100 shares of company stock worth $731,804. 5.37% of the stock is owned by company insiders.

Bel Fuse Price Performance

Shares of BELFB stock traded down $4.13 during trading hours on Thursday, hitting $136.29. 93,126 shares of the company's stock were exchanged, compared to its average volume of 149,041. The stock's 50-day moving average is $115.22 and its 200-day moving average is $89.17. 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 market cap of $1.73 billion, a price-to-earnings ratio of 33.40, 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 $141.80.

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

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.