Martingale Asset Management L P Acquires 999 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Martingale Asset Management L P lifted its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,951 shares of the electronics maker’s stock after purchasing an additional 999 shares during the period. Martingale Asset Management L P’s holdings in Bel Fuse were worth $1,566,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BELFB. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the period. nVerses Capital LLC purchased a new position in shares of Bel Fuse during the third quarter valued at $39,000. Comerica Bank raised its holdings in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 510 shares in the last quarter. Rhumbline Advisers lifted its stake in Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock worth $1,094,000 after acquiring an additional 787 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Bel Fuse by 10.5% during the 2nd quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock worth $563,000 after acquiring an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Up 1.6 %

NASDAQ:BELFB opened at $80.18 on Monday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.39 and a beta of 1.35. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $79.18 and a 200 day moving average of $71.09.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 6.42%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BELFB shares. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Needham & Company LLC boosted their price target on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Northland Securities raised their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

Insider Buying and Selling

In other news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.