Creekmur Asset Management LLC Sells 154 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Creekmur Asset Management LLC lessened its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740 shares of the electronics maker’s stock after selling 154 shares during the period. Creekmur Asset Management LLC’s holdings in Bel Fuse were worth $58,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BELFB. Allspring Global Investments Holdings LLC boosted its position in shares of Bel Fuse by 1,036.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock valued at $922,000 after buying an additional 13,943 shares during the period. Denali Advisors LLC purchased a new position in shares of Bel Fuse during the first quarter valued at approximately $314,000. Principal Financial Group Inc. purchased a new position in shares of Bel Fuse during the first quarter valued at approximately $471,000. BNP Paribas Financial Markets boosted its holdings in shares of Bel Fuse by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 5,862 shares of the electronics maker’s stock valued at $354,000 after purchasing an additional 2,484 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Bel Fuse by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 41,958 shares of the electronics maker’s stock valued at $2,530,000 after purchasing an additional 4,426 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

BELFB has been the subject of a number of research reports. StockNews.com upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Northland Securities boosted their price target on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC boosted their price target on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $77.43 on Wednesday. The company has a market capitalization of $977.17 million, a price-to-earnings ratio of 13.04 and a beta of 1.34. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $74.53 and a 200 day moving average of $68.19.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

About Bel Fuse

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.