Portolan Capital Management LLC Grows Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Portolan Capital Management LLC raised its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 122.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,858 shares of the electronics maker’s stock after acquiring an additional 66,621 shares during the period. Portolan Capital Management LLC owned approximately 0.96% of Bel Fuse worth $9,489,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Bel Fuse by 142.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker’s stock valued at $488,000 after purchasing an additional 4,867 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Bel Fuse during the second quarter valued at $757,000. Principal Financial Group Inc. lifted its holdings in shares of Bel Fuse by 10.5% during the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after purchasing an additional 823 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Bel Fuse by 4.9% during the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 787 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $84.44 on Wednesday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 12-month low of $45.74 and a 12-month high of $85.91. The stock has a 50-day moving average price of $79.37 and a 200 day moving average price of $71.34. The stock has a market capitalization of $1.06 billion, a P/E ratio of 19.37 and a beta of 1.33.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is presently 6.42%.

Analysts Set New Price Targets

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

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.