Tectonic Advisors LLC Sells 6,538 Shares of Bel Fuse Inc. $BELFB

Key Points

• Tectonic Advisors LLC reduced its stake in Bel Fuse Inc. by 42.2%, selling 6,538 shares and maintaining ownership of 8,939 shares valued at approximately $873,000.
• Bel Fuse announced an increase in its quarterly dividend from $0.06 to $0.07 per share, set to be paid on October 31, which reflects a 0.2% yield and a payout ratio of 6.86%.
• Analysts have generally rated Bel Fuse positively, with upgrades from firms like Robert W. Baird and Oppenheimer increasing price targets to $154.00 and $175.00, respectively.

Tectonic Advisors LLC lowered its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 42.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,939 shares of the electronics maker's stock after selling 6,538 shares during the period. Tectonic Advisors LLC owned approximately 0.07% of Bel Fuse worth $873,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its holdings 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 purchasing an additional 228 shares during the period. Ameritas Advisory Services LLC bought a new stake in Bel Fuse in the 2nd quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 purchasing an additional 854 shares during the period. Aristides Capital LLC bought a new position in Bel Fuse in the 1st quarter valued at about $225,000. Finally, KLP Kapitalforvaltning AS increased its holdings in Bel Fuse by 33.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker's stock valued at $234,000 after buying an additional 600 shares during the period. Institutional investors own 58.39% of the company's stock.

Bel Fuse Stock Down 2.7%

Bel Fuse stock opened at $142.94 on Friday. The company has a quick ratio of 1.72, a current ratio of 3.05 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 $152.45. The firm's fifty day moving average is $138.63 and its 200 day moving average is $102.15. The company has a market capitalization of $1.81 billion, a PE ratio of 35.03, a PEG ratio of 1.79 and a beta of 1.55.

Bel Fuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, October 15th. 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%. Bel Fuse's dividend payout ratio is currently 6.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BELFB shares. Robert W. Baird raised their target price on shares of Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. Oppenheimer raised their target price on shares of Bel Fuse from $140.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 16th. Wall Street Zen raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Monday. Weiss Ratings reissued a "buy (b-)" rating on shares of Bel Fuse in a report on Wednesday. Finally, Needham & Company LLC raised 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. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $136.80.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,900 shares of the company's stock in a transaction on Friday, August 1st. The shares were 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 in the company, valued at approximately $1,312,640. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the company's stock in a transaction on Thursday, July 31st. The stock was 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 of the company's stock, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their position. The disclosure for this sale can be found here. 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.

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