Bel Fuse Inc. $BELFA Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. cut its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 83.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,130 shares of the scientific and technical instruments company’s stock after selling 5,772 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Bel Fuse were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in Bel Fuse by 62.3% in the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after purchasing an additional 26,200 shares during the period. State Street Corp raised its holdings in shares of Bel Fuse by 55.4% during the second quarter. State Street Corp now owns 44,736 shares of the scientific and technical instruments company’s stock worth $13,028,000 after purchasing an additional 15,946 shares during the period. Sei Investments Co. raised its holdings in shares of Bel Fuse by 110.2% during the first quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock worth $1,745,000 after purchasing an additional 5,076 shares during the period. Strs Ohio acquired a new stake in shares of Bel Fuse during the first quarter worth $396,000. Finally, FNY Investment Advisers LLC raised its holdings in shares of Bel Fuse by 16.9% during the second quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 179 shares during the period. 6.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BELFA has been the topic of a number of recent research reports. Citigroup began coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings downgraded shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

Insider Buying and Selling at Bel Fuse

In related news, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the transaction, the director directly owned 750 shares of the company’s stock, valued at $219,090. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vincent Vellucci sold 393 shares of Bel Fuse stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the transaction, the director directly owned 8,434 shares in the company, valued at $2,054,606.74. This represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. 4.75% of the stock is currently owned by company insiders.

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded down $8.61 on Friday, reaching $168.16. 44,072 shares of the company were exchanged, compared to its average volume of 85,740. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 43.01 and a beta of 1.37. Bel Fuse Inc. has a 1-year low of $114.02 and a 1-year high of $293.51. The company’s 50-day moving average is $205.76 and its two-hundred day moving average is $226.13.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.42. The firm had revenue of $210.69 million during the quarter, compared to analyst estimates of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 6.14%.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures and markets products used to protect, connect and manage power in electronic systems. Its product portfolio includes circuit protection devices, connectors, cable assemblies, magnetics, discrete components, power supplies and DC-to-DC converters.

The company serves a range of markets, including telecommunications and networking, data centers, industrial equipment, consumer electronics, automotive, medical, transportation, aerospace and defense. Bel Fuse sells its products to original equipment manufacturers, contract manufacturers and distributors in North America, Asia and Europe.

Founded in 1949, Bel Fuse has developed a global operating and distribution presence supporting customers across multiple regions.