DekaBank Deutsche Girozentrale Buys Shares of 3,420 Bel Fuse Inc. (NASDAQ:BELFB)

DekaBank Deutsche Girozentrale bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,420 shares of the electronics maker’s stock, valued at approximately $229,000.

A number of other hedge funds have also recently added to or reduced their stakes in BELFB. Dimensional Fund Advisors LP lifted its holdings in shares of Bel Fuse by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 763,568 shares of the electronics maker’s stock worth $28,693,000 after purchasing an additional 22,325 shares during the period. BlackRock Inc. lifted its holdings in shares of 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 purchasing an additional 510,513 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bel Fuse by 4.8% during the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock worth $32,293,000 after purchasing an additional 30,752 shares during the period. LSV Asset Management lifted its holdings in shares of Bel Fuse by 0.4% during the first quarter. LSV Asset Management now owns 296,894 shares of the electronics maker’s stock worth $5,297,000 after purchasing an additional 1,300 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 114,933 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $58.28 on Wednesday. Bel Fuse Inc. has a twelve month low of $30.11 and a twelve month high of $74.75. The firm has a fifty day simple moving average of $60.42 and a 200 day simple moving average of $58.11. The company has a market capitalization of $743.65 million, a PE ratio of 10.00 and a beta of 1.44. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18.

Bel Fuse (NASDAQ:BELFB) last announced its 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). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. On average, sell-side analysts forecast that Bel Fuse Inc. will post 4.7 EPS 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 paid 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 is presently 4.80%.

Analysts Set New Price Targets

BELFB has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Northland Securities started coverage on shares of Bel Fuse in a report on Thursday, January 11th. They set an “outperform” rating and a $83.00 price target on the stock.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.37% of the company’s stock.

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.