Bel Fuse Inc. (NASDAQ:BELFB) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,362 shares of the electronics maker’s stock after selling 9,291 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Bel Fuse were worth $15,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Beach Investment Counsel Inc. PA purchased a new position in shares of Bel Fuse during the second quarter worth $25,000. Isthmus Partners LLC purchased a new position in Bel Fuse during the 2nd quarter valued at about $39,000. nVerses Capital LLC acquired a new position in Bel Fuse in the 3rd quarter valued at about $39,000. Comerica Bank increased its stake in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Bel Fuse during the third quarter worth about $200,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Bel Fuse Trading Down 1.3 %

NASDAQ BELFB opened at $79.70 on Wednesday. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The firm has a 50 day moving average of $78.80 and a two-hundred day moving average of $70.64. The stock has a market capitalization of $999.84 million, a PE ratio of 18.28 and a beta of 1.35. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Announces Dividend

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

Insiders Place Their Bets

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

Bel Fuse Company 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.