Grandeur Peak Global Advisors LLC Has $10.85 Million Stake in Bel Fuse Inc. $BELFB

Grandeur Peak Global Advisors LLC decreased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 11.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,570 shares of the electronics maker’s stock after selling 4,322 shares during the period. Bel Fuse comprises 2.6% of Grandeur Peak Global Advisors LLC’s portfolio, making the stock its 9th biggest position. Grandeur Peak Global Advisors LLC owned about 0.23% of Bel Fuse worth $10,847,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. State of Wyoming bought a new stake in shares of Bel Fuse in the first quarter worth $30,000. Kemnay Advisory Services Inc. bought a new stake in shares of Bel Fuse in the fourth quarter worth $33,000. KBC Group NV acquired a new position in Bel Fuse during the first quarter worth $38,000. Finally, Signature Equity Partners LLC bought a new position in Bel Fuse in the first quarter valued at $39,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 500 shares of the company’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 in the company, valued at $219,090. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BELFB has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. B. Riley Financial started coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating for the company. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Northland Securities set a $326.00 target price on Bel Fuse in a report on Friday, July 31st. Finally, Bank of America initiated coverage on Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $324.00.

Bel Fuse Price Performance

Bel Fuse stock opened at $248.69 on Monday. The company’s 50-day moving average is $277.59 and its 200-day moving average is $256.77. The firm has a market capitalization of $3.59 billion, a PE ratio of 60.07, a P/E/G ratio of 2.63 and a beta of 1.72. Bel Fuse Inc. has a fifty-two week low of $129.94 and a fifty-two week high of $335.29.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s payout ratio is 6.76%.

About Bel Fuse

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.