Bleakley Financial Group LLC Purchases Shares of 3,000 Bel Fuse Inc. (NASDAQ:BELFB)

Bleakley Financial Group LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the electronics maker’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BELFB. Financial Management Professionals Inc. acquired a new position in Bel Fuse in the third quarter valued at about $29,000. Lazard Asset Management LLC boosted its position in Bel Fuse by 1,481.9% in the first quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock valued at $32,000 after buying an additional 1,719 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Bel Fuse in the first quarter worth about $33,000. UBS Group AG raised its stake in shares of Bel Fuse by 105.1% in the first quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Citigroup Inc. bought a new position in shares of Bel Fuse in the first quarter worth about $39,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $419,126.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.37% of the stock is currently owned by insiders.

Bel Fuse Trading Down 0.2 %

BELFB opened at $58.28 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. The company has a market cap of $743.65 million, a price-to-earnings ratio of 10.00 and a beta of 1.44. The firm has a 50 day simple moving average of $60.42 and a 200 day simple moving average of $58.11. Bel Fuse Inc. has a fifty-two week low of $30.11 and a fifty-two week high of $74.75.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The business had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. On average, sell-side analysts anticipate that Bel Fuse Inc. will post 4.7 earnings per share for the current year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is 4.80%.

Analyst Ratings Changes

BELFB has been the subject of a number of research analyst reports. Northland Securities initiated coverage on shares of Bel Fuse in a research note on Thursday, January 11th. They issued an “outperform” rating and a $83.00 target price for the company. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Needham & Company LLC dropped their target price on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 23rd.

Bel Fuse Company Profile

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.