Quantbot Technologies LP Buys New Stake in Bel Fuse Inc. $BELFB

Quantbot Technologies LP bought a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,804 shares of the electronics maker’s stock, valued at approximately $1,665,000. Quantbot Technologies LP owned approximately 0.09% of Bel Fuse at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. TD Asset Management Inc acquired a new position in shares of Bel Fuse during the third quarter valued at $837,000. AXQ Capital LP bought a new position in Bel Fuse in the 3rd quarter valued at about $312,000. Semanteon Capital Management LP acquired a new position in Bel Fuse during the 3rd quarter valued at about $564,000. NEOS Investment Management LLC raised its position in shares of Bel Fuse by 2.3% during the 3rd quarter. NEOS Investment Management LLC now owns 52,896 shares of the electronics maker’s stock worth $7,459,000 after buying an additional 1,179 shares in the last quarter. Finally, Templeton & Phillips Capital Management LLC bought a new stake in shares of Bel Fuse during the 3rd quarter worth about $203,000. Institutional investors own 58.39% of the company’s stock.

Insiders Place Their Bets

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The stock was 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 directly owned 15,047 shares in the company, valued at approximately $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.37% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $213.80 on Thursday. The company has a market capitalization of $2.71 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The stock has a fifty day moving average of $206.72 and a 200-day moving average of $169.81. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $248.61.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio is currently 5.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Needham & Company LLC raised their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Zacks Research lowered Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Finally, Northland Securities set a $266.00 target price on Bel Fuse in a report on Thursday, February 19th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.20.

About Bel Fuse

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.