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

Isthmus Partners LLC cut its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 19.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,626 shares of the electronics maker’s stock after selling 11,578 shares during the period. Isthmus Partners LLC’s holdings in Bel Fuse were worth $3,739,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BELFB. Comerica Bank increased its holdings in Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Bel Fuse by 142.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker’s stock worth $488,000 after purchasing an additional 4,867 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in shares of Bel Fuse during the 2nd quarter worth approximately $25,000. Legato Capital Management LLC purchased a new position in shares of Bel Fuse during the 2nd quarter worth approximately $757,000. Finally, Principal Financial Group Inc. increased its stake in shares of Bel Fuse by 10.5% during the 2nd quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock worth $563,000 after purchasing an additional 823 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Joseph Francis Berry sold 1,000 shares of the firm’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 transaction, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on 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 transaction, 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 owned by company insiders.

Bel Fuse Stock Down 0.9 %

Shares of NASDAQ BELFB opened at $78.95 on Friday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $85.91. The firm’s 50 day moving average price is $79.17 and its 200 day moving average price is $70.88. The firm has a market cap of $990.82 million, a P/E ratio of 18.11 and a beta of 1.35. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given 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 yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Northland Securities raised their price objective 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. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Needham & Company LLC raised their price objective 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. Finally, StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.