Bel Fuse Inc. (NASDAQ:BELFA) Position Increased by Citadel Advisors LLC

Citadel Advisors LLC raised its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 199.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,419 shares of the scientific and technical instruments company's stock after acquiring an additional 10,945 shares during the period. Citadel Advisors LLC owned approximately 0.13% of Bel Fuse worth $1,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Bel Fuse by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 223 shares during the period. Bank of America Corp DE boosted its position in Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock valued at $148,000 after acquiring an additional 486 shares during the last quarter. Barclays PLC raised its holdings in shares of Bel Fuse by 13.5% during the fourth quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock valued at $237,000 after purchasing an additional 312 shares during the period. Marshall Wace LLP acquired a new stake in shares of Bel Fuse in the 4th quarter worth about $337,000. Finally, Herald Investment Management Ltd acquired a new stake in shares of Bel Fuse in the 4th quarter worth about $360,000. Institutional investors own 6.01% of the company's stock.

Bel Fuse Stock Up 1.1%

Shares of BELFA stock traded up $0.69 during trading hours on Friday, hitting $65.75. 3,627 shares of the company's stock traded hands, compared to its average volume of 11,768. The stock has a market cap of $832.86 million, a price-to-earnings ratio of 21.28 and a beta of 1.17. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12-month low of $53.95 and a 12-month high of $106.93. The stock's fifty day simple moving average is $66.48 and its two-hundred day simple moving average is $80.34.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.99 by $0.29. The firm had revenue of $152.24 million for the quarter, compared to analyst estimates of $148.60 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. Bel Fuse's dividend payout ratio is currently 7.36%.

Analyst Upgrades and Downgrades

Separately, Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the stock a "buy" rating in a report on Tuesday, March 25th.

Bel Fuse Company 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.