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

International Assets Investment Management LLC bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 90,473 shares of the electronics maker’s stock, valued at approximately $6,041,000.

Several other large investors have also made changes to their positions in BELFB. Financial Management Professionals Inc. acquired a new position in Bel Fuse in the 3rd quarter valued at $29,000. Lazard Asset Management LLC grew its holdings in Bel Fuse by 1,481.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock valued at $32,000 after buying an additional 1,719 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Bel Fuse in the 1st quarter valued at $33,000. UBS Group AG grew its holdings in Bel Fuse by 105.1% in the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock valued at $37,000 after buying an additional 1,052 shares in the last quarter. Finally, Citigroup Inc. purchased a new stake in Bel Fuse in the 1st quarter valued at $39,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the transaction, the director now directly owns 7,392 shares in the company, valued at approximately $419,126.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on BELFB. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Northland Securities began coverage on Bel Fuse in a report on Thursday, January 11th. They issued an “outperform” rating and a $83.00 target price for the company. Finally, Needham & Company LLC dropped their target price on Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $58.54 on Monday. The stock has a market cap of $746.79 million, a PE ratio of 10.04 and a beta of 1.45. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. Bel Fuse Inc. has a twelve month low of $30.11 and a twelve month high of $74.75. The stock has a fifty day simple moving average of $60.59 and a 200-day simple moving average of $58.04.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The business had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. Equities analysts anticipate that Bel Fuse Inc. will post 4.7 earnings per share for the current year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is 4.80%.

Bel Fuse Company 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.