Gamco Investors INC. ET AL Sells 5,300 Shares of Bel Fuse Inc. $BELFA

Gamco Investors INC. ET AL lessened its stake in Bel Fuse Inc. (NASDAQ:BELFA) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,738 shares of the scientific and technical instruments company’s stock after selling 5,300 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bel Fuse were worth $8,812,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BELFA. Gabelli Funds LLC boosted its holdings in Bel Fuse by 0.3% during the second quarter. Gabelli Funds LLC now owns 67,400 shares of the scientific and technical instruments company’s stock worth $6,056,000 after purchasing an additional 200 shares during the last quarter. Vanguard Group Inc. increased its stake in Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after buying an additional 6,408 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Bel Fuse by 0.4% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,151 shares of the scientific and technical instruments company’s stock worth $3,043,000 after buying an additional 100 shares in the last quarter. Cynosure Group LLC boosted its stake in shares of Bel Fuse by 23.2% in the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock worth $476,000 after buying an additional 1,000 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Bel Fuse in the 2nd quarter worth approximately $330,000. Institutional investors own 6.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Peter E. Gilbert sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The SEC filing for this sale provides additional information. 5.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BELFA shares. Robert W. Baird set a $250.00 price objective on Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and a consensus price target of $182.50.

Bel Fuse Price Performance

BELFA opened at $172.94 on Monday. The firm has a 50-day moving average price of $189.64 and a 200-day moving average price of $150.18. Bel Fuse Inc. has a twelve month low of $53.95 and a twelve month high of $227.42. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 37.19 and a beta of 1.19.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.78. The business had revenue of $175.94 million for the quarter, compared to analysts’ expectations of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.16%.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.