Barclays PLC Acquires 12,192 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Barclays PLC boosted its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 319.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,008 shares of the electronics maker’s stock after acquiring an additional 12,192 shares during the period. Barclays PLC owned 0.13% of Bel Fuse worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in Bel Fuse during the third quarter valued at $39,000. BNP Paribas Financial Markets lifted its position in 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 period. SG Americas Securities LLC bought a new stake in Bel Fuse during the third quarter worth about $200,000. One Wealth Advisors LLC purchased a new stake in Bel Fuse in the third quarter worth about $227,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Bel Fuse during the third quarter valued at approximately $288,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Bel Fuse Trading Down 1.0 %

Shares of BELFB stock opened at $76.59 on Tuesday. The company has a market cap of $960.82 million, a PE ratio of 17.57 and a beta of 1.30. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61. The stock’s 50 day simple moving average is $81.06 and its two-hundred day simple moving average is $74.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. Bel Fuse’s dividend payout ratio (DPR) is 6.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BELFB shares. Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC increased their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $98.33.

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.