Makaira Partners LLC Purchases Shares of 4,001 Bel Fuse Inc. $BELFA

Key Points

• Makaira Partners LLC has acquired 4,001 shares of Bel Fuse Inc. (NASDAQ:BELFA) in Q1 2023, valued at approximately $288,000, making it the company's 13th largest holding.
• Bel Fuse has received a consensus rating of "Strong Buy" from analysts, with a target price of $115.00.
• The company reported a quarterly EPS of $1.58, significantly exceeding the consensus estimate of $1.15, alongside revenues of $168.30 million.

Makaira Partners LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,001 shares of the scientific and technical instruments company's stock, valued at approximately $288,000. Bel Fuse accounts for approximately 0.1% of Makaira Partners LLC's investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BELFA. Wells Fargo & Company MN lifted its position in Bel Fuse by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after buying an additional 223 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Bel Fuse by 41.8% in the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 486 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock worth $188,000 after acquiring an additional 767 shares in 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 worth $237,000 after acquiring an additional 312 shares in the last quarter. Finally, Cynosure Group LLC acquired a new stake in Bel Fuse during the first quarter valued at $310,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Down 2.6%

Shares of BELFA traded down $3.06 during trading hours on Thursday, hitting $115.23. 3,170 shares of the company were exchanged, compared to its average volume of 6,687. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The company has a market cap of $1.46 billion, a PE ratio of 29.85 and a beta of 1.12. The firm's 50 day moving average is $101.96 and its 200-day moving average is $82.00. Bel Fuse Inc. has a 52 week low of $53.95 and a 52 week high of $119.30.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.43. The business had revenue of $168.30 million for the quarter, compared to the consensus estimate of $149.60 million. Bel Fuse had a return on equity of 18.33% and a net margin of 8.59%. Bel Fuse has set its Q3 2025 guidance at EPS.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Bel Fuse's payout ratio is presently 6.22%.

Analyst Ratings Changes

Separately, Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, Bel Fuse presently has a consensus rating of "Strong Buy" and a consensus target price of $115.00.

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.