Tudor Investment Corp ET AL Takes $2.74 Million Position in Bel Fuse Inc. $BELFB

Key Points

• Tudor Investment Corp ET AL established a new stake in Bel Fuse (NASDAQ:BELFB), buying 19,425 shares valued at approximately $2.74 million, or about 0.15% of the company.
• Significant insider selling occurred recently: CEO Farouq Salem Ali Tuweiq sold 33,967 shares for about $7,948,278 and Director Peter E. Gilbert sold 4,500 shares for $1,074,375; insiders now own 5.37% of the stock.
• Analyst sentiment is mixed but mildly positive, with four Buy and two Hold ratings, a consensus rating of "Moderate Buy" and a consensus price target of $216.50.

Tudor Investment Corp ET AL bought a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,425 shares of the electronics maker's stock, valued at approximately $2,739,000. Tudor Investment Corp ET AL owned about 0.15% of Bel Fuse as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BELFB. Geode Capital Management LLC lifted its holdings in Bel Fuse by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker's stock valued at $31,451,000 after purchasing an additional 8,243 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Bel Fuse by 33.6% during the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker's stock worth $27,745,000 after buying an additional 71,390 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Bel Fuse by 66.8% during the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker's stock worth $34,584,000 after buying an additional 98,178 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Bel Fuse by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 196,519 shares of the electronics maker's stock valued at $19,198,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Bel Fuse by 27.1% in the third quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker's stock valued at $24,620,000 after acquiring an additional 37,175 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Bel Fuse from a "buy" rating to a "hold" rating in a research report on Monday, March 16th. Needham & Company LLC lifted their price objective on Bel Fuse from $212.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Northland Securities set a $266.00 target price on Bel Fuse in a report on Thursday, February 19th. Weiss Ratings lowered Bel Fuse from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, February 25th. Finally, Zacks Research cut Bel Fuse from a "strong-buy" rating to a "hold" rating in a report on Friday, January 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $216.50.

Insiders Place Their Bets

In other news, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company's stock, valued at $3,592,471.25. This represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.37% of the company's stock.

Bel Fuse Stock Down 0.3%

Shares of NASDAQ:BELFB opened at $203.53 on Friday. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $248.61. The company has a 50 day moving average of $214.56 and a 200-day moving average of $177.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 41.45, a P/E/G ratio of 2.07 and a beta of 1.52.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse's payout ratio is presently 5.70%.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.

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