Triasima Portfolio Management inc. Sells 5,772 Shares of Bel Fuse Inc. $BELFA

Triasima Portfolio Management inc. decreased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 83.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,130 shares of the scientific and technical instruments company’s stock after selling 5,772 shares during the period. Triasima Portfolio Management inc.’s holdings in Bel Fuse were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Bel Fuse by 6,000.0% during the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 300 shares during the period. Abel Hall LLC acquired a new stake in shares of Bel Fuse in the 1st quarter worth approximately $205,000. FNY Investment Advisers LLC grew its holdings in shares of Bel Fuse by 16.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 179 shares during the period. Strs Ohio purchased a new position in Bel Fuse in the 1st quarter valued at approximately $396,000. Finally, Sei Investments Co. increased its stake in Bel Fuse by 110.2% in the 1st quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock valued at $1,745,000 after purchasing an additional 5,076 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

Insider Activity at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of the stock in a transaction on Wednesday, August 12th. The shares were 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 of the company’s stock, valued at $219,090. This represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vincent Vellucci sold 393 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the sale, the director directly owned 8,434 shares of the company’s stock, valued at $2,054,606.74. The trade was a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BELFA. Citigroup started coverage on Bel Fuse in a report on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Bel Fuse Trading Down 4.9%

Shares of Bel Fuse stock traded down $8.61 during trading hours on Friday, reaching $168.16. 44,072 shares of the company’s stock were exchanged, compared to its average volume of 85,740. Bel Fuse Inc. has a 52-week low of $114.02 and a 52-week high of $293.51. The company has a fifty day moving average of $205.76 and a 200-day moving average of $226.13. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 43.01 and a beta of 1.37.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.42. The business had revenue of $210.69 million during the quarter, compared to the consensus estimate of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s payout ratio is currently 6.14%.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products used to protect, connect and manage power in electronic systems. Its product portfolio includes circuit protection devices, connectors, cable assemblies, magnetics, discrete components, power supplies and DC-to-DC converters.

The company serves a range of markets, including telecommunications and networking, data centers, industrial equipment, consumer electronics, automotive, medical, transportation, aerospace and defense. Bel Fuse sells its products to original equipment manufacturers, contract manufacturers and distributors in North America, Asia and Europe.

Founded in 1949, Bel Fuse has developed a global operating and distribution presence supporting customers across multiple regions.