GW&K Investment Management LLC grew its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,998 shares of the electronics maker's stock after buying an additional 4,405 shares during the quarter. GW&K Investment Management LLC owned 1.74% of Bel Fuse worth $16,319,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. CWM LLC lifted its holdings in shares of Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 228 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $148,000. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $240,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $298,000. Finally, Millennium Management LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $305,000. Institutional investors own 58.39% of the company's stock.
Bel Fuse Stock Up 2.2%
BELFB stock opened at $106.00 on Wednesday. The firm has a market cap of $1.34 billion, a PE ratio of 30.81, a PEG ratio of 1.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31. The firm's 50 day moving average price is $86.89 and its 200-day moving average price is $79.88. Bel Fuse Inc. has a one year low of $58.00 and a one year high of $106.93.
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, beating the consensus estimate of $0.85 by $0.50. The firm had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. On average, equities research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.
Insider Activity at Bel Fuse
In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the transaction, the vice president owned 12,155 shares in the company, valued at approximately $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.37% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on BELFB shares. Oppenheimer set a $125.00 target price on Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird started coverage on Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price target on the stock. Northland Securities increased their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Craig Hallum started 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 research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse has a consensus rating of "Buy" and a consensus target price of $106.60.
Read Our Latest Stock Report on BELFB
About Bel Fuse
(
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.
Further Reading
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