8,114 Shares in Bel Fuse Inc. $BELFB Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the fourth quarter, HoldingsChannel reports. The fund bought 8,114 shares of the electronics maker’s stock, valued at approximately $1,376,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after purchasing an additional 240 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse during the 2nd quarter valued at $208,000. Geode Capital Management LLC increased its holdings in shares of Bel Fuse by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock worth $31,451,000 after buying an additional 8,243 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Bel Fuse by 17.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,437 shares of the electronics maker’s stock worth $238,000 after buying an additional 358 shares during the period. Finally, Creative Planning raised its position in shares of Bel Fuse by 4.8% in the 2nd quarter. Creative Planning now owns 11,267 shares of the electronics maker’s stock worth $1,101,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BELFB shares. Needham & Company LLC lifted their target price on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings lowered Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 25th. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Northland Securities set a $266.00 target price on shares of Bel Fuse in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.20.

Insider Transactions at Bel Fuse

In other news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction dated Tuesday, February 24th. The shares were 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 approximately $3,592,471.25. This trade represents a 23.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.37% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $204.09 on Monday. The firm’s fifty day simple moving average is $212.68 and its 200 day simple moving average is $175.74. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $248.61. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.07 and a beta of 1.51.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid 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 is Wednesday, April 15th. Bel Fuse’s payout ratio is currently 5.70%.

Bel Fuse Company Profile

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.