Victory Capital Management Inc. Acquires 3,428 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Victory Capital Management Inc. raised its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 130.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,056 shares of the electronics maker’s stock after buying an additional 3,428 shares during the quarter. Victory Capital Management Inc.’s holdings in Bel Fuse were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Bel Fuse by 4.8% in the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock worth $32,293,000 after buying an additional 30,752 shares during the period. Loomis Sayles & Co. L P bought a new stake in shares of Bel Fuse during the third quarter valued at approximately $8,377,000. American Century Companies Inc. grew its stake in Bel Fuse by 29.8% in the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock worth $8,109,000 after purchasing an additional 39,046 shares during the period. International Assets Investment Management LLC bought a new position in Bel Fuse in the fourth quarter worth $6,041,000. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its position in Bel Fuse by 1.1% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock valued at $3,693,000 after buying an additional 619 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

BELFB has been the subject of several research reports. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research note on Thursday, May 2nd. Needham & Company LLC decreased their target price on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $68.72 on Friday. The company has a market capitalization of $867.25 million, a price-to-earnings ratio of 11.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. Bel Fuse Inc. has a one year low of $39.13 and a one year high of $74.75. The company’s 50-day moving average is $60.31 and its 200 day moving average is $60.68.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.22. The company had revenue of $128.09 million during the quarter, compared to the consensus estimate of $128.47 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. Sell-side analysts expect that Bel Fuse Inc. will post 4.39 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, July 12th. Bel Fuse’s payout ratio is currently 4.71%.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the business’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 transaction of $56,700.00. Following the completion of the transaction, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The transaction was disclosed in a 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 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.