Gamco Investors INC. ET AL Sells 5,300 Shares of Bel Fuse Inc. $BELFA

Gamco Investors INC. ET AL lessened its stake in Bel Fuse Inc. (NASDAQ:BELFA) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,738 shares of the scientific and technical instruments company’s stock after selling 5,300 shares during the quarter. Gamco Investors INC. ET AL owned about 0.60% of Bel Fuse worth $8,812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers grew its stake in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Bel Fuse in the 2nd quarter valued at approximately $330,000. Cynosure Group LLC lifted its holdings in shares of Bel Fuse by 23.2% during the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock worth $476,000 after acquiring an additional 1,000 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Bel Fuse by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 67,400 shares of the scientific and technical instruments company’s stock worth $6,056,000 after acquiring an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Price Performance

Bel Fuse stock opened at $172.94 on Monday. The stock has a 50-day moving average price of $189.64 and a two-hundred day moving average price of $150.18. Bel Fuse Inc. has a 12 month low of $53.95 and a 12 month high of $227.42. The company has a market capitalization of $2.19 billion, a PE ratio of 37.19 and a beta of 1.19. 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 (NASDAQ:BELFA) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.78. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.The company had revenue of $175.94 million during the quarter, compared to the consensus estimate of $172.01 million.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.16%.

Insider Buying and Selling

In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the sale, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse 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 SEC filing for this sale provides additional information. 5.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

BELFA has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. Robert W. Baird set a $250.00 price target on Bel Fuse in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $182.50.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.