Bel Fuse Inc. (NASDAQ:BELFB) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in Bel Fuse Inc. (NASDAQ:BELFB – Get Rating) by 34.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,470 shares of the electronics maker’s stock after acquiring an additional 635 shares during the period. Lazard Asset Management LLC’s holdings in Bel Fuse were worth $62,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Oberweis Asset Management Inc. raised its holdings in Bel Fuse by 28.6% in the 3rd quarter. Oberweis Asset Management Inc. now owns 104,800 shares of the electronics maker’s stock valued at $2,646,000 after acquiring an additional 23,300 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Bel Fuse by 1.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 38,850 shares of the electronics maker’s stock valued at $981,000 after acquiring an additional 600 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Bel Fuse by 257.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 206,451 shares of the electronics maker’s stock valued at $5,214,000 after buying an additional 148,737 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bel Fuse by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 702,815 shares of the electronics maker’s stock valued at $17,745,000 after buying an additional 3,014 shares during the period. Finally, UBS Group AG grew its stake in shares of Bel Fuse by 39,533.3% in the 3rd quarter. UBS Group AG now owns 2,378 shares of the electronics maker’s stock valued at $60,000 after buying an additional 2,372 shares during the period. Institutional investors and hedge funds own 50.27% of the company’s stock.

Bel Fuse Stock Performance

Bel Fuse stock opened at $36.84 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.80 and a quick ratio of 1.53. The stock has a market cap of $459.76 million, a price-to-earnings ratio of 8.69 and a beta of 1.69. The firm has a 50 day simple moving average of $36.30 and a 200-day simple moving average of $32.56. Bel Fuse Inc. has a 1-year low of $14.84 and a 1-year high of $42.00.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Friday, April 14th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, April 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. Bel Fuse’s payout ratio is currently 6.60%.

Analyst Ratings Changes

Several research firms have recently weighed in on BELFB. Needham & Company LLC increased their price target on shares of Bel Fuse from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, February 24th. StockNews.com raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 16th.

Bel Fuse Company Profile

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Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.