GAMMA Investing LLC Purchases 4,574 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

GAMMA Investing LLC grew its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 6,826.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,641 shares of the electronics maker's stock after acquiring an additional 4,574 shares during the quarter. GAMMA Investing LLC's holdings in Bel Fuse were worth $347,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BELFB. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse during the fourth quarter worth about $148,000. ProShare Advisors LLC bought a new stake in shares of Bel Fuse during the fourth quarter worth about $240,000. Integrated Quantitative Investments LLC bought a new stake in shares of Bel Fuse during the fourth quarter worth about $298,000. Millennium Management LLC bought a new stake in shares of Bel Fuse during the fourth quarter worth about $305,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Bel Fuse by 17.9% during 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 last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Trading Up 1.5%

NASDAQ:BELFB traded up $1.35 on Friday, reaching $90.51. 239,248 shares of the stock traded hands, compared to its average volume of 84,049. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.45. The company's 50 day moving average is $74.71 and its 200-day moving average is $77.70. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. Bel Fuse Inc. has a 1-year low of $58.00 and a 1-year high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.50. The firm had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. Equities research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's dividend payout ratio is presently 8.14%.

Insider Buying and Selling

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the sale, the vice president now directly owns 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BELFB. Needham & Company LLC reduced their price target 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 began coverage on Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, Robert W. Baird initiated coverage on Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Bel Fuse presently has an average rating of "Buy" and a consensus target price of $99.60.

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.