UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.26 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,050 shares of the electronics maker’s stock after selling 2,661 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Bel Fuse worth $1,260,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. nVerses Capital LLC bought a new position in Bel Fuse during the third quarter worth about $39,000. Comerica Bank raised its holdings in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after buying an additional 510 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after buying an additional 200 shares during the period. SG Americas Securities LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at $200,000. Finally, One Wealth Advisors LLC bought a new stake in Bel Fuse in the third quarter valued at $227,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Up 4.6 %

Shares of NASDAQ BELFB opened at $91.36 on Wednesday. Bel Fuse Inc. has a 12-month low of $45.74 and a 12-month high of $91.50. The firm’s 50-day simple moving average is $80.32 and its 200 day simple moving average is $72.40. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 20.95 and a beta of 1.33.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.31%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BELFB shares. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Oppenheimer initiated coverage on shares of Bel Fuse in a research note on Tuesday. They set an “outperform” rating and a $105.00 price objective on the stock. Northland Securities raised their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $98.33.

Insider Activity at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. This trade represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Company 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.