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

GW&K Investment Management LLC decreased its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,351 shares of the electronics maker’s stock after selling 20,297 shares during the period. GW&K Investment Management LLC owned about 1.54% of Bel Fuse worth $27,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. XTX Topco Ltd acquired a new position in Bel Fuse during the 2nd quarter worth $358,000. Ashton Thomas Private Wealth LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at about $492,000. Inspire Investing LLC purchased a new position in shares of Bel Fuse in the 3rd quarter valued at about $990,000. Sierra Summit Advisors LLC acquired a new position in shares of Bel Fuse during the second quarter worth about $906,000. Finally, Boston Partners increased its stake in shares of Bel Fuse by 34.8% during the second quarter. Boston Partners now owns 51,307 shares of the electronics maker’s stock worth $5,012,000 after buying an additional 13,234 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was 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 through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the firm’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 transaction, the director owned 15,047 shares in the company, valued at $3,592,471.25. This represents a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is currently owned by insiders.

Bel Fuse Trading Down 5.2%

NASDAQ BELFB opened at $202.58 on Friday. The firm’s fifty day moving average price is $207.26 and its 200 day moving average price is $170.04. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month 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. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52.

Bel Fuse Announces Dividend

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 dividend of $0.07 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s payout ratio is 5.70%.

Bel Fuse Company 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.