Integrated Quantitative Investments LLC Acquires New Position in Bel Fuse Inc. (NASDAQ:BELFB)

Integrated Quantitative Investments LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,619 shares of the electronics maker’s stock, valued at approximately $298,000.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock valued at $29,009,000 after acquiring an additional 33,768 shares during the period. Hodges Capital Management Inc. raised its holdings in Bel Fuse by 38.1% in the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after buying an additional 28,860 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Bel Fuse by 11.1% in the third quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after buying an additional 25,607 shares in the last quarter. Dean Investment Associates LLC increased its position in shares of Bel Fuse by 49.6% during the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 15,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after acquiring an additional 15,296 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $60.82 on Friday. The firm has a market capitalization of $762.62 million, a PE ratio of 18.60, a P/E/G ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The stock has a 50-day simple moving average of $79.00 and a two-hundred day simple moving average of $79.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). The firm had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the prior year, the company posted $1.29 EPS. Analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is currently 8.56%.

Analyst Ratings Changes

A number of research firms have commented on BELFB. Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Craig Hallum initiated coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price on the stock. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC boosted their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Buy” and a consensus target price of $103.75.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.