Bel Fuse Inc. $BELFB Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 9.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 195,351 shares of the electronics maker’s stock after selling 20,297 shares during the period. GW&K Investment Management LLC’s holdings in Bel Fuse were worth $27,548,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BELFB. Arizona State Retirement System boosted its stake in shares of Bel Fuse by 3.3% during the third quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock worth $439,000 after buying an additional 99 shares during the period. Canada Pension Plan Investment Board raised its stake in Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after acquiring an additional 100 shares during the last quarter. Federated Hermes Inc. lifted its position in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 115 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Bel Fuse by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after purchasing an additional 116 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 151 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Needham & Company LLC boosted their price target on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Northland Securities set a $266.00 price objective on Bel Fuse in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $196.20.

Bel Fuse Stock Performance

Shares of BELFB opened at $202.58 on Friday. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a 52-week low of $57.99 and a 52-week high of $248.61. The company has a 50-day simple moving average of $207.26 and a 200-day simple moving average of $170.04. The company has a market capitalization of $2.56 billion, a PE ratio of 41.26, a P/E/G ratio of 2.17 and a beta of 1.52.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.70%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 15,047 shares in the company, valued at $3,592,471.25. This represents a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The disclosure for this sale is available in the SEC filing. 5.37% of the stock is owned by insiders.

Bel Fuse 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.