3,750 Shares in Bel Fuse Inc. $BELFB Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,750 shares of the electronics maker’s stock, valued at approximately $1,249,000.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of Bel Fuse by 32,929.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,365,488 shares of the electronics maker’s stock valued at $1,453,882,000 after buying an additional 4,352,271 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Bel Fuse by 74.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after acquiring an additional 355,563 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Bel Fuse in the 4th quarter worth $42,680,000. Wasatch Advisors LP raised its position in Bel Fuse by 74.3% during the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after acquiring an additional 174,969 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after acquiring an additional 161,736 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the transaction, the director directly owned 8,434 shares of the company’s stock, valued at $2,054,606.74. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the completion of the transaction, the director directly owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BELFB. B. Riley Financial began coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They issued a “buy” rating on the stock. Citigroup initiated coverage on shares of Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating for the company. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Northland Securities set a $326.00 price objective on Bel Fuse in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Stock Up 3.0%

Shares of BELFB opened at $250.36 on Friday. Bel Fuse Inc. has a 52-week low of $129.94 and a 52-week high of $335.29. The stock has a market cap of $3.62 billion, a PE ratio of 60.47, a price-to-earnings-growth ratio of 2.70 and a beta of 1.71. The firm’s fifty day moving average is $266.38 and its two-hundred day moving average is $257.45.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s payout ratio is presently 6.76%.

Bel Fuse Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.

Bel Fuse’s product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.