Kovitz Investment Group Partners LLC Takes $288,000 Position in Bel Fuse Inc. (NASDAQ:BELFB)

Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,673 shares of the electronics maker’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Bel Fuse by 26.5% during the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after purchasing an additional 8,442 shares in the last quarter. Tectonic Advisors LLC raised its position in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after purchasing an additional 7,922 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Bel Fuse by 168.0% during the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock valued at $2,880,000 after purchasing an additional 22,995 shares in the last quarter. Roubaix Capital LLC raised its position in Bel Fuse by 16.4% during the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock valued at $5,056,000 after purchasing an additional 9,069 shares in the last quarter. Finally, Creative Planning raised its position in Bel Fuse by 56.3% during the third quarter. Creative Planning now owns 8,240 shares of the electronics maker’s stock valued at $647,000 after purchasing an additional 2,968 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 2.1 %

Shares of NASDAQ:BELFB opened at $85.51 on Friday. 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 Inc. has a 52-week low of $45.74 and a 52-week high of $86.71. The company has a market capitalization of $1.07 billion, a PE ratio of 19.61 and a beta of 1.33. The company has a fifty day moving average of $80.17 and a 200-day moving average of $72.21.

Bel Fuse Dividend Announcement

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 is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse’s dividend payout ratio is 6.42%.

Analyst Upgrades and Downgrades

BELFB has been the subject of several research analyst reports. Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Needham & Company LLC upped their price target 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. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th.

Insider Buying and Selling

In related news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value 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. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents 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 Company 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.