Isthmus Partners LLC Cuts Position in Bel Fuse Inc. (NASDAQ:BELFB)

Isthmus Partners LLC decreased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,626 shares of the electronics maker’s stock after selling 11,578 shares during the quarter. Isthmus Partners LLC owned 0.38% of Bel Fuse worth $3,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA purchased a new stake in shares of Bel Fuse during the second quarter worth $25,000. nVerses Capital LLC purchased a new stake in shares of Bel Fuse during the third quarter worth $39,000. Comerica Bank increased its position in shares of Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares during the period. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Bel Fuse during the third quarter worth $200,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

BELFB has been the subject of a number of analyst reports. Northland Capmk upgraded 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 research note on Saturday, November 2nd. Northland Securities boosted their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th.

Insider Buying and Selling at Bel Fuse

In other news, insider Stephen Dawson sold 1,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % 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 Stock Performance

NASDAQ BELFB opened at $78.95 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $85.91. The company has a market capitalization of $990.82 million, a PE ratio of 18.11 and a beta of 1.35. The company has a fifty day moving average of $79.17 and a two-hundred day moving average of $70.88.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 6.42%.

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.