Bel Fuse Inc. (NASDAQ:BELFB) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 47.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,785 shares of the electronics maker’s stock after buying an additional 24,490 shares during the period. Hodges Capital Management Inc. owned approximately 0.60% of Bel Fuse worth $5,950,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BELFB. Dean Investment Associates LLC raised its stake in shares of Bel Fuse by 49.6% in the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock worth $3,693,000 after purchasing an additional 15,588 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Bel Fuse in the 3rd quarter worth approximately $288,000. Portolan Capital Management LLC raised its position in Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after buying an additional 66,621 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock valued at $20,109,000 after acquiring an additional 25,607 shares during the period. Finally, Martingale Asset Management L P lifted its stake in Bel Fuse by 5.3% during the 3rd quarter. Martingale Asset Management L P now owns 19,951 shares of the electronics maker’s stock valued at $1,566,000 after acquiring an additional 999 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $83.97 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 19.26 and a beta of 1.33. The business has a 50 day simple moving average of $79.76 and a two-hundred day simple moving average of $71.68. Bel Fuse Inc. has a 12 month low of $45.74 and a 12 month high of $86.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is currently 6.42%.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of recent research reports. Northland Securities lifted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Needham & Company LLC boosted their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

Insider Buying and Selling

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. This represents a 11.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the insider now owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

About Bel Fuse

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.