Bel Fuse Inc. (NASDAQ:BELFB) Holdings Lowered by Potrero Capital Research LLC

Potrero Capital Research LLC trimmed its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 23.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,503 shares of the electronics maker’s stock after selling 21,504 shares during the quarter. Bel Fuse comprises 1.7% of Potrero Capital Research LLC’s holdings, making the stock its 20th biggest position. Potrero Capital Research LLC owned about 0.56% of Bel Fuse worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC purchased a new position in shares of Bel Fuse in the second quarter worth approximately $39,000. nVerses Capital LLC purchased a new position in shares of Bel Fuse in the third quarter worth approximately $39,000. Comerica Bank grew its position in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares in the last quarter. BNP Paribas Financial Markets grew its position in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Bel Fuse during the third quarter valued at approximately $200,000. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BELFB shares. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Northland Securities boosted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Needham & Company LLC lifted their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

Bel Fuse Trading Up 2.5 %

Shares of BELFB stock opened at $84.44 on Wednesday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $85.91. The firm’s fifty day simple moving average is $79.37 and its 200 day simple moving average is $71.34. The firm has a market capitalization of $1.06 billion, a P/E ratio of 19.37 and a beta of 1.33. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.

Bel Fuse Announces Dividend

The business 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Insider Buying and Selling

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business’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 sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares in the company, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

Bel Fuse Company 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.