DekaBank Deutsche Girozentrale Invests $229,000 in Bel Fuse Inc. (NASDAQ:BELFB)

DekaBank Deutsche Girozentrale purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,420 shares of the electronics maker’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in Bel Fuse in the 3rd quarter worth approximately $29,000. Lazard Asset Management LLC grew its holdings in Bel Fuse by 1,481.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock worth $32,000 after buying an additional 1,719 shares in the last quarter. Belpointe Asset Management LLC bought a new position in Bel Fuse in the 1st quarter worth approximately $33,000. UBS Group AG grew its holdings in Bel Fuse by 105.1% in the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after buying an additional 1,052 shares in the last quarter. Finally, Citigroup Inc. bought a new position in Bel Fuse in the 1st quarter worth approximately $39,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Bel Fuse Stock Performance

Shares of NASDAQ BELFB opened at $58.28 on Wednesday. The stock has a fifty day moving average price of $60.42 and a two-hundred day moving average price of $58.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. The firm has a market cap of $743.65 million, a P/E ratio of 10.00 and a beta of 1.44. Bel Fuse Inc. has a 1 year low of $30.11 and a 1 year high of $74.75.

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

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders 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 yield of 0.48%. The ex-dividend date is Friday, April 12th. Bel Fuse’s payout ratio is currently 4.80%.

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.