Jane Street Group LLC Lowers Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Jane Street Group LLC cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 28.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,690 shares of the electronics maker’s stock after selling 4,244 shares during the period. Jane Street Group LLC’s holdings in Bel Fuse were worth $839,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BELFB. Thrivent Financial for Lutherans boosted its holdings in shares of Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after acquiring an additional 123,092 shares in the last quarter. Portolan Capital Management LLC boosted its holdings in Bel Fuse by 122.8% in the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock valued at $9,489,000 after purchasing an additional 66,621 shares in the last quarter. Isthmus Partners LLC acquired a new position in Bel Fuse during the 2nd quarter worth approximately $39,000. Hodges Capital Management Inc. purchased a new position in shares of Bel Fuse during the 2nd quarter worth approximately $3,346,000. Finally, American Century Companies Inc. raised its stake in shares of Bel Fuse by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock worth $18,024,000 after buying an additional 28,649 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on BELFB shares. Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Northland Securities increased their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $98.33.

Bel Fuse Stock Up 0.7 %

Bel Fuse stock opened at $82.47 on Thursday. Bel Fuse Inc. has a fifty-two week low of $45.74 and a fifty-two week high of $92.61. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.92 and a beta of 1.33. The stock’s fifty day moving average is $80.60 and its two-hundred day moving average is $73.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.34%. Bel Fuse’s payout ratio is 6.42%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the firm’s 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 directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. The trade was 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 insiders.

Bel Fuse 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.