Royce & Associates LP Sells 182,155 Shares of Bel Fuse Inc. $BELFB

Royce & Associates LP lessened its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 47.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 200,297 shares of the electronics maker’s stock after selling 182,155 shares during the period. Royce & Associates LP owned 1.58% of Bel Fuse worth $28,246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Bel Fuse in the second quarter valued at approximately $358,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bel Fuse during the third quarter worth $492,000. Inspire Investing LLC bought a new stake in Bel Fuse in the 3rd quarter valued at $990,000. Sierra Summit Advisors LLC acquired a new position in Bel Fuse in the 2nd quarter worth $906,000. Finally, Boston Partners boosted its stake in Bel Fuse by 34.8% in the 2nd quarter. Boston Partners now owns 51,307 shares of the electronics maker’s stock worth $5,012,000 after purchasing an additional 13,234 shares during the period. 58.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $229.71 on Monday. The company has a market cap of $2.91 billion, a P/E ratio of 46.78, a P/E/G ratio of 2.33 and a beta of 1.51. The firm’s fifty day moving average price is $204.27 and its two-hundred day moving average price is $168.28. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $248.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 5.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BELFB shares. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday. 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 report on Thursday, February 19th. Northland Securities set a $266.00 target price on Bel Fuse in a research report on Thursday, February 19th. Finally, Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.20.

About Bel Fuse

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.