Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 184.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,993 shares of the electronics maker’s stock after purchasing an additional 3,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bel Fuse were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BELFB. International Assets Investment Management LLC purchased a new position in Bel Fuse during the 4th quarter valued at about $6,041,000. Swiss National Bank bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $1,117,000. Toronto Dominion Bank purchased a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $48,000. Gotham Asset Management LLC purchased a new position in Bel Fuse during the third quarter valued at $412,000. Finally, Strs Ohio boosted its holdings in Bel Fuse by 757.1% in the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock worth $286,000 after acquiring an additional 5,300 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BELFB shares. Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a report on Thursday. Finally, StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Activity

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was 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 owns 7,392 shares in the company, valued at $419,126.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.37% of the company’s stock.

Bel Fuse Price Performance

NASDAQ BELFB opened at $58.04 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $74.75. The stock has a market capitalization of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The business’s fifty day moving average price is $57.67 and its 200-day moving average price is $59.00.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. On average, equities analysts predict that Bel Fuse Inc. will post 4.39 earnings per share for the current year.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, July 12th. Bel Fuse’s dividend payout ratio is presently 4.71%.

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.