Jump Financial LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Jump Financial LLC purchased a new position in Bel Fuse Inc. (NASDAQ:BELFBFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,115 shares of the electronics maker’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BELFB. Covestor Ltd lifted its position in shares of Bel Fuse by 26.5% during the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 212 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of Bel Fuse by 1.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock worth $3,693,000 after purchasing an additional 619 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of Bel Fuse by 5.1% during the 4th quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock worth $1,353,000 after purchasing an additional 976 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Bel Fuse during the 3rd quarter worth about $48,000. Finally, AJOVista LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth about $73,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research note on Thursday, May 2nd. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th.

Get Our Latest Report on BELFB

Bel Fuse Stock Up 1.7 %

Shares of BELFB opened at $68.72 on Monday. The business’s 50 day simple moving average is $60.56 and its 200-day simple moving average is $60.94. Bel Fuse Inc. has a one year low of $39.13 and a one year high of $74.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The company has a market capitalization of $867.25 million, a P/E ratio of 11.57 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFBGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.22. The firm had revenue of $128.09 million for the quarter, compared to the consensus estimate of $128.47 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. As a group, sell-side analysts predict that Bel Fuse Inc. will post 4.39 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, July 12th. Bel Fuse’s dividend payout ratio is currently 4.71%.

Insider Activity at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the company’s 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 owns 7,392 shares in the company, valued at approximately $419,126.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.37% of the stock is owned by corporate insiders.

About Bel Fuse

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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