Bel Fuse Inc. (NASDAQ:BELFB) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,427 shares of the electronics maker’s stock after purchasing an additional 418 shares during the period. Rhumbline Advisers owned 0.13% of Bel Fuse worth $1,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Bel Fuse by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 41,059 shares of the electronics maker’s stock valued at $3,224,000 after purchasing an additional 1,029 shares during the period. Summit Global Investments bought a new position in shares of Bel Fuse during the 3rd quarter valued at about $479,000. Victory Capital Management Inc. grew its stake in shares of Bel Fuse by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after purchasing an additional 8,442 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Bel Fuse by 7.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock worth $14,093,000 after purchasing an additional 12,007 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after purchasing an additional 15,296 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Down 0.5 %

BELFB stock opened at $80.00 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a market capitalization of $1.00 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.24 and a beta of 1.28. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The company’s 50 day simple moving average is $81.41 and its 200-day simple moving average is $78.55.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The firm had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period last year, the firm earned $1.29 earnings per share. As a group, equities research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is currently 8.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BELFB. Needham & Company LLC lifted their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer initiated coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $100.00.

Bel Fuse Company 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.