GAMMA Investing LLC Purchases 4,574 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

GAMMA Investing LLC raised its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 6,826.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,641 shares of the electronics maker’s stock after purchasing an additional 4,574 shares during the quarter. GAMMA Investing LLC’s holdings in Bel Fuse were worth $347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $148,000. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $240,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $298,000. Millennium Management LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $305,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Bel Fuse by 17.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker’s stock valued at $331,000 after acquiring an additional 608 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BELFB. Baird R W raised shares of Bel Fuse to a “strong-buy” rating in a report on Tuesday, June 10th. Craig Hallum began coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective on the stock. Robert W. Baird began coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an “outperform” rating and a $88.00 price objective on the stock. Finally, Needham & Company LLC dropped their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $99.60.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $90.51 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. Bel Fuse Inc. has a 1-year low of $58.00 and a 1-year high of $92.61. The company has a market capitalization of $1.15 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.27 and a beta of 1.45. The firm’s 50 day simple moving average is $74.71 and its two-hundred day simple moving average is $77.79.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is currently 8.14%.

Insider Activity

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the sale, the vice president now owns 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.37% of the company’s stock.

About Bel Fuse

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.