Dean Capital Management Reduces Stock Position in Bel Fuse Inc. $BELFB

Dean Capital Management trimmed its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 32,239 shares of the electronics maker’s stock after selling 9,721 shares during the quarter. Bel Fuse comprises about 1.8% of Dean Capital Management’s holdings, making the stock its 4th biggest holding. Dean Capital Management’s holdings in Bel Fuse were worth $4,546,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new position in shares of Bel Fuse in the third quarter worth approximately $14,537,000. Thrivent Financial for Lutherans increased its position in shares of Bel Fuse by 66.8% during the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after acquiring an additional 98,178 shares in the last quarter. Wasatch Advisors LP raised its holdings in Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after acquiring an additional 71,390 shares during the last quarter. Portolan Capital Management LLC lifted its position in Bel Fuse by 97.9% in the 3rd quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after acquiring an additional 61,240 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Bel Fuse by 27.1% in the 3rd quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker’s stock valued at $24,620,000 after acquiring an additional 37,175 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. 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. Needham & Company LLC upped their target price 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. Finally, Northland Securities set a $266.00 price target on shares of Bel Fuse in a report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.20.

Insider Buying and Selling

In related news, Director Peter E. Gilbert sold 4,500 shares of the business’s 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. The trade was a 23.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.37% of the company’s stock.

Bel Fuse Price Performance

NASDAQ BELFB opened at $197.65 on Monday. The business’s fifty day moving average is $210.06 and its 200 day moving average is $173.21. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $248.61. 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 company has a market capitalization of $2.50 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.01 and a beta of 1.51.

Bel Fuse Announces Dividend

The business 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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s payout ratio is presently 5.70%.

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.