Bel Fuse Inc. (NASDAQ:BELFB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Bel Fuse Inc. (NASDAQ:BELFB) by 28.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,690 shares of the electronics maker’s stock after selling 4,244 shares during the quarter. Jane Street Group LLC owned about 0.09% of Bel Fuse worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Bel Fuse by 26.5% during the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after purchasing an additional 8,442 shares during the last quarter. Tectonic Advisors LLC lifted its position in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after buying an additional 7,922 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Bel Fuse by 168.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after acquiring an additional 22,995 shares during the period. BNP Paribas Financial Markets boosted 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 valued at $172,000 after acquiring an additional 200 shares during the last quarter. Finally, Roubaix Capital LLC boosted its position in shares of Bel Fuse by 16.4% during the 3rd quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock valued at $5,056,000 after acquiring an additional 9,069 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BELFB shares. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Needham & Company LLC upped their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Northland Securities boosted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, Oppenheimer initiated coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price for the company. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Buy” and a consensus price target of $98.33.

Insider Activity at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value 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 $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction on 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 owns 8,023 shares of the company’s stock, valued at $644,246.90. This 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 corporate insiders.

Bel Fuse Stock Performance

Shares of BELFB opened at $82.47 on Thursday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61. The stock has a market capitalization of $1.03 billion, a PE ratio of 18.92 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The stock has a 50-day simple moving average of $80.60 and a 200-day simple moving average of $73.84.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a dividend yield of 0.34%. Bel Fuse’s payout ratio is currently 6.42%.

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.