XTX Topco Ltd Buys Shares of 3,665 Bel Fuse Inc. $BELFB

XTX Topco Ltd purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,665 shares of the electronics maker’s stock, valued at approximately $358,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after buying an additional 12,808 shares during the period. American Century Companies Inc. boosted its position in Bel Fuse by 1.5% during the 1st quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock valued at $26,735,000 after acquiring an additional 5,376 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock valued at $31,827,000 after acquiring an additional 71,895 shares during the period. Geode Capital Management LLC raised its position in shares of Bel Fuse by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock worth $31,451,000 after acquiring an additional 8,243 shares in the last quarter. Finally, Makaira Partners LLC bought a new position in shares of Bel Fuse in the 1st quarter worth $18,415,000. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BELFB has been the topic of several analyst reports. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a research note on Friday, October 31st. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Northland Securities set a $188.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and an average target price of $164.20.

Insider Buying and Selling

In other news, VP Joseph Berry sold 408 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the sale, the vice president directly owned 17,893 shares in the company, valued at $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares of the company’s stock, valued at approximately $1,199,849.37. The trade was a 18.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,027 shares of company stock worth $435,034 in the last quarter. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Price Performance

Shares of BELFB opened at $166.00 on Friday. The business’s 50-day moving average is $150.02 and its two-hundred day moving average is $125.77. The company has a market capitalization of $2.10 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.82 and a beta of 1.55. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse’s dividend payout ratio is presently 5.38%.

Bel Fuse Profile

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.