Universal Beteiligungs und Servicegesellschaft mbH Takes $4.55 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 55,199 shares of the electronics maker's stock, valued at approximately $4,552,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.44% of Bel Fuse as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in shares of Bel Fuse during the fourth quarter valued at $148,000. ProShare Advisors LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at $240,000. Integrated Quantitative Investments LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at $298,000. SG Americas Securities LLC increased its holdings in shares of Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock valued at $305,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at $305,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Wall Street Analyst Weigh In

BELFB has been the subject of several analyst reports. Needham & Company LLC reduced their price target on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 28th. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price on the stock. Finally, Wall Street Zen downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $102.50.

Bel Fuse Stock Up 0.5%

BELFB traded up $0.40 during trading on Thursday, hitting $74.11. 144,856 shares of the company's stock traded hands, compared to its average volume of 78,873. The company's 50 day simple moving average is $70.88 and its two-hundred day simple moving average is $77.35. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12-month low of $58.00 and a 12-month high of $92.61. The stock has a market capitalization of $938.75 million, a price-to-earnings ratio of 22.66, a PEG ratio of 1.24 and a beta of 1.50.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. Analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. Bel Fuse's payout ratio is 8.14%.

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.