Thrivent Financial for Lutherans Sells 9,243 Shares of Bel Fuse Inc. $BELFB

Thrivent Financial for Lutherans lowered its position in Bel Fuse Inc. (NASDAQ:BELFB) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 236,005 shares of the electronics maker’s stock after selling 9,243 shares during the period. Thrivent Financial for Lutherans owned 1.86% of Bel Fuse worth $40,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after buying an additional 240 shares in the last quarter. JPMorgan Chase & Co. increased its position in Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after buying an additional 116 shares in the last quarter. Rhumbline Advisers increased its position in Bel Fuse by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock valued at $1,560,000 after buying an additional 383 shares in the last quarter. Sei Investments Co. bought a new position in Bel Fuse during the 2nd quarter valued at approximately $312,000. Finally, The Manufacturers Life Insurance Company increased its position in Bel Fuse by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after buying an additional 337 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a research report on Friday, May 1st. Northland Securities set a $321.00 price objective on Bel Fuse in a research report on Monday, May 4th. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Insiders Place Their Bets

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Stock Down 4.5%

Bel Fuse stock opened at $256.72 on Friday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 58.48, a PEG ratio of 2.56 and a beta of 1.75. The stock has a fifty day simple moving average of $234.69 and a two-hundred day simple moving average of $202.11. Bel Fuse Inc. has a 12 month low of $69.00 and a 12 month high of $308.27. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

About Bel Fuse

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.