Franklin Resources Inc. Sells 5,815 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Franklin Resources Inc. trimmed its position in Bel Fuse Inc. (NASDAQ:BELFB) by 52.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,276 shares of the electronics maker’s stock after selling 5,815 shares during the quarter. Franklin Resources Inc.’s holdings in Bel Fuse were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Isthmus Partners LLC bought a new stake in Bel Fuse during the 2nd quarter worth approximately $39,000. nVerses Capital LLC acquired a new position in shares of Bel Fuse during the third quarter worth $39,000. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Bel Fuse in the third quarter valued at $200,000. Finally, One Wealth Advisors LLC bought a new position in Bel Fuse during the 3rd quarter worth $227,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $82.47 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 18.92 and a beta of 1.33. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $92.61. The firm’s 50-day simple moving average is $80.53 and its two-hundred day simple moving average is $73.78.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s payout ratio is currently 6.42%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BELFB shares. Needham & Company LLC increased their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Northland Securities boosted their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Oppenheimer started coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Finally, StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and an average target price of $98.33.

Insider Activity

In other Bel Fuse news, 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 value of $116,475.00. Following the transaction, the insider now directly owns 14,832 shares in the company, valued at $1,151,704.80. This represents a 9.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Bel Fuse 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.