Tidal Investments LLC Grows Stock Position in Bel Fuse Inc. $BELFB

Tidal Investments LLC increased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 49.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 211,805 shares of the electronics maker’s stock after acquiring an additional 70,014 shares during the quarter. Tidal Investments LLC owned about 1.47% of Bel Fuse worth $70,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of 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 buying an additional 140,804 shares in the last quarter. Empowered Funds LLC purchased a new stake in Bel Fuse during the 1st quarter valued at about $351,000. Principal Financial Group Inc. bought a new position in Bel Fuse during the 1st quarter worth approximately $2,915,000. California State Teachers Retirement System increased its stake in Bel Fuse by 37.2% in the 1st quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock worth $2,617,000 after purchasing an additional 3,585 shares during the period. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of Bel Fuse during the first quarter valued at approximately $1,864,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Trading Down 0.7%

BELFB opened at $246.01 on Thursday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 59.42, a PEG ratio of 2.67 and a beta of 1.71. The company’s 50 day moving average is $267.19 and its 200 day moving average is $257.44. Bel Fuse Inc. has a 12-month low of $129.94 and a 12-month high of $335.29.

Bel Fuse Dividend Announcement

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

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 500 shares of the company’s stock in a transaction dated 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 $219,090. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vincent Vellucci sold 393 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total value 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 trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

BELFB has been the topic of several recent analyst reports. Northland Securities set a $326.00 price target on shares of Bel Fuse in a report on Friday, July 31st. Citigroup started coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating for the company. Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $324.00.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.