Bel Fuse Inc. $BELFB Stock Position Trimmed by Paragon Associates & Paragon Associates II Joint Venture

Paragon Associates & Paragon Associates II Joint Venture reduced its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 75.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 10,000 shares of the electronics maker’s stock after selling 30,000 shares during the quarter. Bel Fuse accounts for approximately 2.5% of Paragon Associates & Paragon Associates II Joint Venture’s portfolio, making the stock its 10th largest holding. Paragon Associates & Paragon Associates II Joint Venture owned 0.08% of Bel Fuse worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BELFB. Jones Financial Companies Lllp grew its stake in shares of Bel Fuse by 139.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. boosted its position in shares of Bel Fuse by 52.5% in the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 115 shares during the period. State of Alaska Department of Revenue bought a new position in Bel Fuse in the 3rd quarter valued at $78,000. BNP Paribas Financial Markets raised its position in shares of Bel Fuse by 60.0% in the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after buying an additional 375 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Bel Fuse by 437.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after buying an additional 845 shares in the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Stock Down 5.3%

NASDAQ BELFB opened at $191.87 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The stock has a market capitalization of $2.43 billion, a PE ratio of 39.08, a PEG ratio of 2.06 and a beta of 1.52. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $248.61. The business’s 50-day moving average is $207.57 and its 200 day moving average is $170.46.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.70%.

Insider Buying and Selling

In related news, Director Peter E. Gilbert sold 4,500 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The disclosure for this sale is available in the SEC filing. 5.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BELFB has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price target on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Northland Securities set a $266.00 price objective on shares of Bel Fuse in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.