GAMMA Investing LLC lifted its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 6,826.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,641 shares of the electronics maker's stock after buying an additional 4,574 shares during the quarter. GAMMA Investing LLC's holdings in Bel Fuse were worth $347,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of BELFB. KLP Kapitalforvaltning AS bought a new position in Bel Fuse in the 4th quarter worth about $148,000. ProShare Advisors LLC acquired a new stake in Bel Fuse in the fourth quarter worth approximately $240,000. Integrated Quantitative Investments LLC bought a new position in Bel Fuse during the 4th quarter valued at $298,000. Millennium Management LLC bought a new position in Bel Fuse during the fourth quarter valued at about $305,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Bel Fuse by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker's stock valued at $331,000 after acquiring an additional 608 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Stock Down 0.9%
Shares of BELFB stock traded down $0.83 on Tuesday, hitting $92.48. The company's stock had a trading volume of 154,541 shares, compared to its average volume of 84,648. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.29 and a beta of 1.46. The firm's fifty day moving average price is $75.17 and its 200-day moving average price is $77.77. Bel Fuse Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $94.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results 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 return on equity of 12.38% and a net margin of 7.69%. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.
Bel Fuse Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 0.26%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's dividend payout ratio is currently 8.14%.
Insider Activity at Bel Fuse
In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were 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 owns 12,155 shares of the company's stock, valued at $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.37% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms recently commented on BELFB. Needham & Company LLC dropped their target price on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Robert W. Baird assumed coverage on Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Finally, Craig Hallum initiated coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $99.60.
View Our Latest Report on BELFB
Bel Fuse Profile
(
Free Report)
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.
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