Bel Fuse Inc. (NASDAQ:BELFA) Position Raised by Citadel Advisors LLC

Citadel Advisors LLC grew its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 199.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,419 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,945 shares during the quarter. Citadel Advisors LLC owned about 0.13% of Bel Fuse worth $1,479,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock valued at $148,000 after purchasing an additional 486 shares during the period. Northern Trust Corp raised its position in shares of Bel Fuse by 1.9% during the 4th quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock worth $1,586,000 after buying an additional 323 shares in the last quarter. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse during the 4th quarter worth about $360,000. Marshall Wace LLP acquired a new stake in shares of Bel Fuse in the 4th quarter worth approximately $337,000. Finally, Barclays PLC boosted its holdings in shares of Bel Fuse by 13.5% in the fourth quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company’s stock valued at $237,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Trading Down 1.6%

Shares of BELFA stock opened at $64.43 on Monday. The stock has a 50-day simple moving average of $67.23 and a 200 day simple moving average of $81.08. Bel Fuse Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $106.93. The stock has a market capitalization of $816.13 million, a P/E ratio of 20.85 and a beta of 1.17. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.29. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The company had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $148.60 million.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is presently 7.36%.

Analysts Set New Price Targets

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the stock a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.