State of Wyoming Boosts Stock Holdings in Bel Fuse Inc. $BELFB

Key Points

• The State of Wyoming increased its holdings in Bel Fuse Inc. by 189.9% in Q1, now owning 4,114 shares valued at $308,000.
• Bel Fuse recently announced a quarterly dividend of $0.07 per share, an increase from the previous dividend of $0.06, with an ex-dividend date set for October 15th.
• Currently, the company has a consensus rating of "Buy" with a price target average of $113.60 as evaluated by various analysts.

State of Wyoming raised its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 189.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,114 shares of the electronics maker's stock after purchasing an additional 2,695 shares during the quarter. State of Wyoming's holdings in Bel Fuse were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 during the last quarter. Herald Investment Management Ltd lifted its position in Bel Fuse by 25.0% during the first quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker's stock valued at $2,239,000 after purchasing an additional 6,000 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in Bel Fuse during the first quarter valued at $639,000. GAMMA Investing LLC lifted its position in Bel Fuse by 6,826.9% during the first quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock valued at $347,000 after purchasing an additional 4,574 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bel Fuse by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock valued at $1,670,000 after purchasing an additional 4,204 shares during the last quarter. Institutional investors own 58.39% of the company's stock.

Insider Transactions at Bel Fuse

In related news, insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares in the company, valued at $1,812,653.55. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of Bel Fuse stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.00, for a total transaction of $243,200.00. Following the sale, the vice president owned 10,255 shares of the company's stock, valued at $1,312,640. The trade was a 15.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock valued at $731,804 in the last quarter. 5.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Robert W. Baird assumed coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Oppenheimer set a $125.00 price objective on shares of Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Northland Securities raised their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Wall Street Zen lowered shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $113.60.

Bel Fuse Price Performance

Bel Fuse stock opened at $134.56 on Tuesday. The firm has a 50-day moving average price of $116.92 and a 200-day moving average price of $90.01. The firm has a market capitalization of $1.70 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $141.80.

Bel Fuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. This is a positive change from Bel Fuse's previous quarterly dividend of $0.06. 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.

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