Bel Fuse (BELFB) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Bel Fuse (NASDAQ:BELFB) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Bel Fuse (NASDAQ BELFB) traded up $0.65 on Friday, hitting $27.10. 245,117 shares of the company were exchanged, compared to its average volume of 20,319. Bel Fuse has a 12 month low of $21.65 and a 12 month high of $33.60. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59. The firm has a market cap of $326.07, a price-to-earnings ratio of 20.69 and a beta of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, January 11th. Bel Fuse’s payout ratio is 28.57%.

In other news, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total transaction of $73,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Bel Fuse by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 775,341 shares of the electronics maker’s stock worth $24,191,000 after buying an additional 11,910 shares during the period. Wells Fargo & Company MN boosted its holdings in Bel Fuse by 70.5% in the 3rd quarter. Wells Fargo & Company MN now owns 9,840 shares of the electronics maker’s stock worth $307,000 after buying an additional 4,070 shares during the period. Cadence Capital Management LLC bought a new position in Bel Fuse in the 3rd quarter worth approximately $694,000. Great West Life Assurance Co. Can boosted its holdings in Bel Fuse by 18.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 12,746 shares of the electronics maker’s stock worth $405,000 after buying an additional 2,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Bel Fuse by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 54,450 shares of the electronics maker’s stock worth $1,699,000 after buying an additional 5,270 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

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Bel Fuse Company Profile

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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