Victory Capital Management Inc. Has $3.23 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Victory Capital Management Inc. decreased its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,181 shares of the electronics maker’s stock after selling 1,140 shares during the quarter. Victory Capital Management Inc. owned 0.31% of Bel Fuse worth $3,231,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BELFB. Thrivent Financial for Lutherans raised 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 valued at $14,093,000 after buying an additional 12,007 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $8,934,000 after buying an additional 15,296 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth about $1,677,000. Truvestments Capital LLC grew its holdings in shares of Bel Fuse by 11.8% in the 3rd quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker’s stock worth $739,000 after purchasing an additional 990 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bel Fuse Stock Up 2.8 %

Shares of NASDAQ:BELFB opened at $76.39 on Monday. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The company’s 50-day moving average price is $80.78 and its two-hundred day moving average price is $79.25. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a market cap of $957.85 million, a P/E ratio of 23.36, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same period in the prior year, the company earned $1.29 EPS. As a group, research analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

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.