6,264 Shares in Bel Fuse Inc. (NASDAQ:BELFB) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,264 shares of the electronics maker's stock, valued at approximately $517,000.

A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Bel Fuse by 55.4% during the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock valued at $32,821,000 after buying an additional 141,951 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Bel Fuse by 10.6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock valued at $29,009,000 after buying an additional 33,768 shares during the last quarter. Advisory Research Inc. raised its holdings in shares of Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock valued at $25,850,000 after buying an additional 67,460 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bel Fuse by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock valued at $24,088,000 after buying an additional 2,722 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings in shares of Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock valued at $17,193,000 after buying an additional 87,612 shares during the last quarter. Institutional investors own 58.39% of the company's stock.

Wall Street Analyst Weigh In

BELFB has been the topic of several recent analyst reports. Needham & Company LLC dropped their target price on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price on the stock. Finally, Wall Street Zen cut Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bel Fuse has an average rating of "Buy" and an average price target of $102.50.

Bel Fuse Trading Up 3.5%

NASDAQ BELFB traded up $2.57 on Friday, hitting $76.68. 106,308 shares of the stock were exchanged, compared to its average volume of 79,253. Bel Fuse Inc. has a 52-week low of $58.00 and a 52-week high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company has a market capitalization of $971.31 million, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.24 and a beta of 1.45. The company's 50-day moving average price is $70.94 and its two-hundred day moving average price is $77.39.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $152.24 million for the quarter, compared to analysts' expectations of $147.93 million. Research analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio is currently 8.14%.

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.