Truvestments Capital LLC Increases Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Truvestments Capital LLC raised its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,997 shares of the electronics maker’s stock after buying an additional 2,588 shares during the period. Truvestments Capital LLC’s holdings in Bel Fuse were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BELFB. Victory Capital Management Inc. grew its holdings in Bel Fuse by 26.5% during the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after buying an additional 8,442 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Bel Fuse by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock worth $14,093,000 after purchasing an additional 12,007 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bel Fuse by 15.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock valued at $8,934,000 after purchasing an additional 15,296 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $1,677,000. Finally, BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after buying an additional 200 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. StockNews.com lowered 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 target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and an average target price of $100.00.

Bel Fuse Trading Down 2.0 %

Shares of BELFB opened at $77.09 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The stock has a market cap of $966.63 million, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The firm has a 50 day simple moving average of $81.13 and a 200-day simple moving average of $79.03.

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

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.36%. Bel Fuse’s payout ratio is 8.56%.

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.