Bel Fuse Inc. (NASDAQ:BELFB) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,409 shares of the electronics maker’s stock after purchasing an additional 990 shares during the period. Truvestments Capital LLC owned approximately 0.07% of Bel Fuse worth $739,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BELFB. Russell Investments Group Ltd. acquired a new position in shares of Bel Fuse in the 1st quarter valued at $1,532,000. Tectonic Advisors LLC boosted its holdings in shares of Bel Fuse by 80.7% in the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after buying an additional 7,922 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Bel Fuse by 168.0% in the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after buying an additional 22,995 shares during the period. Roubaix Capital LLC increased its position in shares of Bel Fuse by 16.4% in the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock worth $5,056,000 after acquiring an additional 9,069 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Bel Fuse by 56.3% in the 3rd quarter. Creative Planning now owns 8,240 shares of the electronics maker’s stock valued at $647,000 after acquiring an additional 2,968 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Stock Down 1.8 %

BELFB stock opened at $78.02 on Monday. The company has a 50 day moving average of $78.57 and a two-hundred day moving average of $70.51. The company has a market cap of $979.15 million, a price-to-earnings ratio of 18.21 and a beta of 1.35. Bel Fuse Inc. has a 12-month low of $45.74 and a 12-month high of $85.91. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. Bel Fuse’s payout ratio is 6.42%.

Analyst Ratings Changes

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

Insider Activity at Bel Fuse

In other news, insider Stephen Dawson sold 1,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. This represents a 9.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.37% of the company’s stock.

Bel Fuse Company Profile

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.