Geode Capital Management LLC Purchases 8,243 Shares of Bel Fuse Inc. $BELFB

Geode Capital Management LLC increased its stake in Bel Fuse Inc. by 2.6% in Q2, owning 321,922 shares worth $31.45 million. Institutional investors hold 58.39% of Bel Fuse stock. Analysts have upgraded Bel Fuse to a "strong-buy" with a consensus "buy" rating and an average price target of $164.20. The stock opened at $152.69, with a 12-month high of $167.04.

Geode Capital Management LLC raised its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 321,922 shares of the electronics maker's stock after acquiring an additional 8,243 shares during the quarter. Geode Capital Management LLC owned approximately 2.54% of Bel Fuse worth $31,451,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BELFB. CWM LLC lifted its stake in shares of Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares during the period. Ameritas Advisory Services LLC bought a new position in Bel Fuse in the second quarter worth approximately $50,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Bel Fuse during the 2nd quarter worth $202,000. ProShare Advisors LLC bought a new stake in shares of Bel Fuse during the 2nd quarter valued at $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after purchasing an additional 854 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Stock Up 1.2%

Shares of BELFB opened at $152.69 on Friday. The business's 50 day moving average is $148.10 and its 200 day moving average is $121.99. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $167.04. The company has a market capitalization of $1.93 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse's payout ratio is currently 5.38%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares of the company's stock, valued at $1,100,899.80. This represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Berry sold 408 shares of the firm's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the transaction, the vice president owned 17,893 shares of the company's stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,027 shares of company stock worth $435,034. Corporate insiders own 5.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Northland Securities set a $188.00 target price on Bel Fuse in a research report on Friday, October 31st. Wall Street Zen raised Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 1st. Zacks Research upgraded Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 5th. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the stock an "outperform" rating in a research note on Friday, October 31st. Finally, Needham & Company LLC lifted their price target on shares of Bel Fuse from $130.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $164.20.

Read Our Latest Report on Bel Fuse

Bel Fuse Profile

(Free Report)

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.

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