Grandeur Peak Global Advisors LLC Has $10.85 Million Position in Bel Fuse Inc. $BELFB

Grandeur Peak Global Advisors LLC lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 11.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,570 shares of the electronics maker’s stock after selling 4,322 shares during the period. Bel Fuse makes up 2.6% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 9th largest holding. Grandeur Peak Global Advisors LLC’s holdings in Bel Fuse were worth $10,847,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after acquiring an additional 355,563 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Bel Fuse by 2.2% during the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock worth $162,994,000 after purchasing an additional 10,705 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Bel Fuse by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after purchasing an additional 2,803 shares during the period. 58.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of the 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 of the company’s stock, valued at approximately $219,090. This represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.37% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $248.69 on Monday. The stock has a market cap of $3.59 billion, a P/E ratio of 60.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.72. The stock has a 50 day simple moving average of $277.59 and a 200 day simple moving average of $256.77. Bel Fuse Inc. has a 1 year low of $129.94 and a 1 year high of $335.29.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio is presently 6.76%.

Analyst Ratings Changes

Several analysts recently issued reports on BELFB shares. JPMorgan Chase & Co. boosted their price target on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings cut Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Bank of America assumed coverage on Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating and a $330.00 target price for the company. Citigroup initiated coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $324.00.

Bel Fuse Company 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.