Kovitz Investment Group Partners LLC Purchases Shares of 3,673 Bel Fuse Inc. (NASDAQ:BELFB)

Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,673 shares of the electronics maker’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Isthmus Partners LLC bought a new position in shares of Bel Fuse in the 2nd quarter valued at about $39,000. nVerses Capital LLC bought a new position in shares of Bel Fuse in the 3rd quarter valued at about $39,000. Comerica Bank grew its holdings in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after acquiring an additional 510 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Bel Fuse during the third quarter worth about $200,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Up 2.1 %

Shares of NASDAQ:BELFB opened at $85.51 on Friday. Bel Fuse Inc. has a 12-month low of $45.74 and a 12-month high of $86.71. The stock has a market cap of $1.07 billion, a PE ratio of 19.61 and a beta of 1.33. The business has a 50 day moving average of $80.17 and a 200-day moving average of $72.21. 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 Dividend Announcement

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

Insider Transactions at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Bel Fuse 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.