Deutsche Bank AG Purchases 3,588 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Deutsche Bank AG lifted its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 59.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,590 shares of the electronics maker's stock after acquiring an additional 3,588 shares during the period. Deutsche Bank AG owned approximately 0.08% of Bel Fuse worth $791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in Bel Fuse in the fourth quarter worth $148,000. Integrated Quantitative Investments LLC bought a new position in Bel Fuse in the fourth quarter worth $298,000. SG Americas Securities LLC lifted its position in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after purchasing an additional 1,146 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Bel Fuse by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker's stock worth $331,000 after purchasing an additional 608 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC cut their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wall Street Zen cut Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Craig Hallum assumed coverage on Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $102.50.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB traded down $0.76 during midday trading on Friday, reaching $72.79. The company's stock had a trading volume of 132,034 shares, compared to its average volume of 77,891. Bel Fuse Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $92.61. The company has a market capitalization of $922.03 million, a P/E ratio of 22.26, a P/E/G ratio of 1.24 and a beta of 1.50. 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 business's fifty day simple moving average is $71.11 and its 200-day simple moving average is $77.42.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. As a group, equities research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The firm also recently disclosed 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 0.33%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is presently 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.