Strs Ohio Acquires 4,000 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Strs Ohio boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the electronics maker’s stock after buying an additional 4,000 shares during the period. Strs Ohio’s holdings in Bel Fuse were worth $667,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new stake in Bel Fuse during the third quarter worth about $212,000. SG Americas Securities LLC bought a new stake in Bel Fuse during the third quarter worth about $214,000. Pinnacle Associates Ltd. lifted its stake in Bel Fuse by 0.7% during the third quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock worth $1,767,000 after purchasing an additional 250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bel Fuse during the third quarter worth about $100,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Bel Fuse during the third quarter worth about $164,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Up 0.1 %

Shares of NASDAQ:BELFB opened at $60.78 on Friday. Bel Fuse Inc. has a 1 year low of $30.11 and a 1 year high of $74.75. The company has a market cap of $775.55 million, a PE ratio of 10.43 and a beta of 1.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. The stock’s 50-day moving average is $58.42 and its 200 day moving average is $58.55.

Bel Fuse (NASDAQ:BELFB) last posted 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 analysts’ expectations of $152.86 million. Sell-side analysts anticipate that Bel Fuse Inc. will post 4.7 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. Bel Fuse’s dividend payout ratio is currently 4.80%.

Insider Transactions at Bel Fuse

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

Analysts Set New Price Targets

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

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.