Tidal Investments LLC Grows Stock Holdings in Bel Fuse Inc. $BELFB

Tidal Investments LLC boosted its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 49.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 211,805 shares of the electronics maker’s stock after buying an additional 70,014 shares during the period. Tidal Investments LLC’s holdings in Bel Fuse were worth $70,540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BELFB. Janus Henderson Group PLC boosted its stake in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after acquiring an additional 140,804 shares during the period. Empowered Funds LLC bought a new stake in Bel Fuse during the 1st quarter valued at approximately $351,000. Principal Financial Group Inc. purchased a new position in Bel Fuse in the 1st quarter worth approximately $2,915,000. California State Teachers Retirement System lifted its holdings in Bel Fuse by 37.2% in the 1st quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock worth $2,617,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in Bel Fuse in the 1st quarter worth approximately $1,864,000. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BELFB. B. Riley Financial initiated coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating for the company. Bank of America initiated coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 target price on the stock. Northland Securities set a $326.00 target price on shares of Bel Fuse in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Bel Fuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.00.

Bel Fuse Price Performance

NASDAQ BELFB opened at $246.01 on Thursday. Bel Fuse Inc. has a 1-year low of $129.94 and a 1-year high of $335.29. The business has a 50 day simple moving average of $267.19 and a two-hundred day simple moving average of $257.44. The stock has a market capitalization of $3.55 billion, a PE ratio of 59.42, a P/E/G ratio of 2.67 and a beta of 1.71.

Bel Fuse Announces Dividend

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

Insider Buying and Selling at Bel Fuse

In related news, Director Vincent Vellucci sold 393 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the sale, the director owned 8,434 shares in the company, valued at approximately $2,054,606.74. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director directly owned 750 shares in the company, valued at approximately $219,090. The trade was a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.37% of the company’s stock.

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.