Denali Advisors LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Denali Advisors LLC purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,200 shares of the electronics maker’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in Bel Fuse by 4.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock valued at $314,000 after buying an additional 200 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Bel Fuse by 1.1% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 619 shares during the period. Ritholtz Wealth Management boosted its position in Bel Fuse by 5.1% in the fourth quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock worth $1,353,000 after purchasing an additional 976 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Bel Fuse during the 3rd quarter valued at about $48,000. Finally, AJOVista LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $73,000. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BELFB has been the subject of several recent research reports. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reduced their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th.

Bel Fuse Stock Up 0.6 %

BELFB stock opened at $65.56 on Thursday. The business’s 50-day moving average price is $64.42 and its 200-day moving average price is $62.87. The stock has a market cap of $827.37 million, a P/E ratio of 11.04 and a beta of 1.42. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a twelve month low of $39.13 and a twelve month high of $74.75.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, beating the consensus estimate of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The business had revenue of $128.09 million for the quarter, compared to the consensus estimate of $128.47 million. On average, equities research analysts forecast that Bel Fuse Inc. will post 4.39 EPS for the current year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

About Bel Fuse

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.