Bel Fuse Inc. $BELFB is Paragon Associates & Paragon Associates II Joint Venture’s 10th Largest Position

Paragon Associates & Paragon Associates II Joint Venture decreased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 75.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the electronics maker’s stock after selling 30,000 shares during the period. Bel Fuse makes up 2.5% of Paragon Associates & Paragon Associates II Joint Venture’s investment portfolio, making the stock its 10th largest holding. Paragon Associates & Paragon Associates II Joint Venture’s holdings in Bel Fuse were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after buying an additional 151 shares during the period. Federated Hermes Inc. raised its stake in Bel Fuse by 52.5% in the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after buying an additional 115 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Bel Fuse in the third quarter worth about $78,000. BNP Paribas Financial Markets boosted its position in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after acquiring an additional 375 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after acquiring an additional 845 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Insider Activity at Bel Fuse

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were 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 approximately $3,592,471.25. This represents 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 owned by company insiders.

Bel Fuse Stock Down 5.3%

NASDAQ:BELFB opened at $191.87 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The firm has a market cap of $2.43 billion, a P/E ratio of 39.08, a P/E/G ratio of 2.06 and a beta of 1.52. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $248.61. The firm has a 50-day simple moving average of $207.57 and a two-hundred day simple moving average of $170.46.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a dividend of $0.07 per share. 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 (DPR) is 5.70%.

Wall Street Analyst Weigh In

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

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.