Bel Fuse Inc. $BELFA Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 50.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,806 shares of the scientific and technical instruments company’s stock after selling 25,008 shares during the period. Bel Fuse makes up 1.7% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 15th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Bel Fuse were worth $4,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Bel Fuse by 6,000.0% in the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. Abel Hall LLC acquired a new position in shares of Bel Fuse in the first quarter valued at about $205,000. FNY Investment Advisers LLC grew its stake in shares of Bel Fuse by 16.9% in the second quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 179 shares in the last quarter. Strs Ohio bought a new position in Bel Fuse during the first quarter worth about $396,000. Finally, Sei Investments Co. increased its position in Bel Fuse by 110.2% during the first quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock worth $1,745,000 after acquiring an additional 5,076 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Stock Down 0.9%

Shares of BELFA traded down $1.59 during midday trading on Tuesday, hitting $171.75. The company’s stock had a trading volume of 96,037 shares, compared to its average volume of 109,027. Bel Fuse Inc. has a one year low of $114.02 and a one year high of $293.51. The company’s fifty day simple moving average is $204.68 and its two-hundred day simple moving average is $226.41. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 43.91 and a beta of 1.37.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.42. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%. The business had revenue of $210.69 million during the quarter, compared to the consensus estimate of $206.39 million.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is 6.14%.

Insider Buying and Selling

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 sale, the director owned 8,434 shares in the company, valued at $2,054,606.74. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter E. Gilbert sold 500 shares of the business’s stock in a transaction 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 sale, the director directly owned 750 shares in the company, valued at approximately $219,090. The trade was a 40.00% decrease in their position. The SEC filing for this sale provides additional information. 4.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BELFA. Citigroup started coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating for the company. Weiss Ratings lowered shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.