Bel Fuse Inc. $BELFA Stake Reduced by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lowered its holdings in Bel Fuse Inc. (NASDAQ:BELFA) by 50.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,806 shares of the scientific and technical instruments company’s stock after selling 25,008 shares during the period. Bel Fuse comprises about 1.7% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 15th largest holding. Investors Asset Management of Georgia Inc. GA ADV owned 0.17% of Bel Fuse worth $4,905,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Bel Fuse by 110.2% during the 1st quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock worth $1,745,000 after buying an additional 5,076 shares during the last quarter. State Street Corp grew its holdings in shares of Bel Fuse by 55.4% in the 2nd quarter. State Street Corp now owns 44,736 shares of the scientific and technical instruments company’s stock valued at $13,028,000 after acquiring an additional 15,946 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after acquiring an additional 26,200 shares in the last quarter. Strs Ohio acquired a new stake in shares of Bel Fuse in the first quarter valued at about $396,000. Finally, FNY Investment Advisers LLC increased its position in shares of Bel Fuse by 16.9% in the second quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 6.01% of the company’s stock.

Analyst Ratings Changes

BELFA has been the subject of several recent research reports. Weiss Ratings cut Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. Citigroup assumed coverage on Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Bel Fuse Stock Down 0.9%

Shares of BELFA traded down $1.59 during trading hours on Tuesday, hitting $171.75. The company had a trading volume of 96,037 shares, compared to its average volume of 109,027. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 43.91 and a beta of 1.37. The business has a fifty day moving average of $204.68 and a 200-day moving average of $226.41. Bel Fuse Inc. has a 12 month low of $114.02 and a 12 month high of $293.51.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.42. The company had revenue of $210.69 million during the quarter, compared to analysts’ expectations of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s dividend payout ratio is currently 6.14%.

Insider Activity

In other Bel Fuse news, Director Vincent Vellucci sold 393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the sale, the director directly owned 8,434 shares in the company, valued at $2,054,606.74. This trade represents a 4.45% 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, Director Peter E. Gilbert sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total value of $146,060.00. Following the sale, the director owned 750 shares of the company’s stock, valued at approximately $219,090. This represents a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.75% of the stock is owned by corporate insiders.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.