24,708 Shares in Bel Fuse Inc. $BELFB Purchased by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV bought a new position in Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,708 shares of the electronics maker’s stock, valued at approximately $6,032,000. Bel Fuse makes up about 2.1% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 9th biggest holding.

Other large investors have also made changes to their positions in the company. Congress Asset Management Co. bought a new position in shares of Bel Fuse in the third quarter worth about $63,101,000. Janus Henderson Group PLC raised its stake in Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Bel Fuse by 364,600.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 94,822 shares of the electronics maker’s stock valued at $19,253,000 after purchasing an additional 94,796 shares during the period. Tidal Investments LLC raised its stake in Bel Fuse by 49.4% during the 2nd quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker’s stock valued at $70,540,000 after purchasing an additional 70,014 shares during the period. Finally, Tema ETFs LLC lifted its holdings in Bel Fuse by 52.2% in the 2nd quarter. Tema ETFs LLC now owns 202,849 shares of the electronics maker’s stock worth $67,557,000 after purchasing an additional 69,531 shares in the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BELFB has been the subject of several recent analyst reports. Northland Securities set a $326.00 price target on Bel Fuse in a research note on Friday, July 31st. Citigroup started coverage on shares of Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating on the stock. B. Riley Financial assumed coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. dropped their target price on shares of Bel Fuse from $380.00 to $330.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Finally, Bank of America initiated coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 target price for the company. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $315.67.

Bel Fuse Stock Down 1.4%

NASDAQ:BELFB traded down $3.10 during mid-day trading on Tuesday, hitting $212.47. 85,751 shares of the stock traded hands, compared to its average volume of 219,202. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 51.31, a PEG ratio of 2.23 and a beta of 1.67. Bel Fuse Inc. has a 52 week low of $129.94 and a 52 week high of $335.29. The firm’s 50 day moving average is $249.81 and its two-hundred day moving average is $263.31.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s payout ratio is 6.76%.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the transaction, the director owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter E. Gilbert sold 500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director owned 750 shares in the company, valued at approximately $219,090. The trade was a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,893 shares of company stock valued at $476,949 in the last 90 days. Company insiders own 5.37% of the company’s stock.

Bel Fuse Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.