International Assets Investment Management LLC Takes $6.04 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

International Assets Investment Management LLC acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,473 shares of the electronics maker's stock, valued at approximately $6,041,000. International Assets Investment Management LLC owned approximately 0.71% of Bel Fuse as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BELFB. BlackRock Inc. grew its holdings in Bel Fuse by 210.7% during the second quarter. BlackRock Inc. now owns 752,760 shares of the electronics maker's stock worth $43,216,000 after buying an additional 510,513 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Bel Fuse during the third quarter worth $8,377,000. State Street Corp grew its holdings in Bel Fuse by 326.6% during the second quarter. State Street Corp now owns 187,245 shares of the electronics maker's stock worth $10,750,000 after buying an additional 143,349 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in Bel Fuse during the first quarter worth $4,829,000. Finally, Geode Capital Management LLC grew its holdings in Bel Fuse by 100.7% during the second quarter. Geode Capital Management LLC now owns 229,030 shares of the electronics maker's stock worth $13,149,000 after buying an additional 114,933 shares in the last quarter. Institutional investors own 58.39% of the company's stock.

Insider Buying and Selling

In related news, Director Vincent Vellucci sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the transaction, the director now directly owns 7,392 shares in the company, valued at approximately $419,126.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.37% of the stock is owned by corporate insiders.

Bel Fuse Price Performance

NASDAQ BELFB traded down $0.15 during trading on Monday, reaching $58.39. The company's stock had a trading volume of 60,566 shares, compared to its average volume of 123,427. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. The stock has a market capitalization of $745.06 million, a PE ratio of 10.02 and a beta of 1.44. The firm has a fifty day moving average of $60.42 and a 200 day moving average of $58.11. Bel Fuse Inc. has a one year low of $30.11 and a one year high of $74.75.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. Bel Fuse had a net margin of 11.54% and a return on equity of 24.87%. Analysts expect that Bel Fuse Inc. will post 4.7 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 0.48%. Bel Fuse's payout ratio is 4.80%.

Analyst Ratings Changes

Several research analysts have weighed in on BELFB shares. Needham & Company LLC cut their price objective on Bel Fuse from $77.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Northland Securities started coverage on Bel Fuse in a research report on Thursday, January 11th. They issued an "outperform" rating and a $83.00 price objective on the stock. Finally, StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.