International Assets Investment Management LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

International Assets Investment Management LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 90,473 shares of the electronics maker’s stock, valued at approximately $6,041,000. International Assets Investment Management LLC owned approximately 0.71% of Bel Fuse as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Bel Fuse during the 3rd quarter worth $214,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Bel Fuse during the third quarter worth about $100,000. Strs Ohio increased its holdings in shares of Bel Fuse by 757.1% during the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 5,300 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Bel Fuse during the third quarter valued at about $164,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $358,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Up 3.0 %

Shares of NASDAQ:BELFB opened at $61.00 on Wednesday. The business’s 50 day moving average price is $57.99 and its 200-day moving average price is $59.50. Bel Fuse Inc. has a 1 year low of $39.13 and a 1 year high of $74.75. The firm has a market capitalization of $778.36 million, a price-to-earnings ratio of 10.27 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. On average, equities research analysts forecast that Bel Fuse Inc. will post 4.39 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, July 12th. Bel Fuse’s dividend payout ratio is presently 4.71%.

Analyst Ratings Changes

Several research firms have weighed in on BELFB. Needham & Company LLC dropped their target price on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Thursday, May 2nd.

Insider Buying and Selling

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total value of $56,700.00. Following the transaction, 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 at the SEC website. 5.37% of the stock is owned by company insiders.

About Bel Fuse

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.