Ritholtz Wealth Management Decreases Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Ritholtz Wealth Management decreased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,340 shares of the electronics maker’s stock after selling 553 shares during the quarter. Ritholtz Wealth Management’s holdings in Bel Fuse were worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Bel Fuse by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after purchasing an additional 2,793 shares in the last quarter. Barclays PLC raised its stake in Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after buying an additional 12,192 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after acquiring an additional 6,250 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Bel Fuse by 47.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after acquiring an additional 24,490 shares during the last quarter. Finally, Dean Investment Associates LLC raised its position in shares of Bel Fuse by 49.6% during the 3rd quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 15,588 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Up 0.3 %

Bel Fuse stock opened at $79.99 on Monday. The firm has a market capitalization of $1.00 billion, a P/E ratio of 18.35, a P/E/G ratio of 0.91 and a beta of 1.30. The company has a 50-day simple moving average of $81.05 and a 200-day simple moving average of $75.14. Bel Fuse Inc. has a one year low of $45.74 and a one year high of $92.61. 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued 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 dividend yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of research reports. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Northland Securities upped their target price on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bel Fuse currently has an average rating of “Buy” and a consensus price target of $98.33.

Insiders Place Their Bets

In related news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

About Bel Fuse

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.