Victory Capital Management Inc. Raises Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Victory Capital Management Inc. increased its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 130.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,056 shares of the electronics maker’s stock after purchasing 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 have also recently added to or reduced their stakes in the company. Investors Asset Management of Georgia Inc. GA ADV increased its position in Bel Fuse by 1.1% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock worth $3,693,000 after purchasing an additional 619 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bel Fuse by 184.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,993 shares of the electronics maker’s stock valued at $400,000 after buying an additional 3,888 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Bel Fuse during the fourth quarter valued at approximately $601,000. Strs Ohio boosted its position in Bel Fuse by 66.7% during the fourth quarter. Strs Ohio now owns 10,000 shares of the electronics maker’s stock worth $667,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Simplicity Solutions LLC purchased a new stake in Bel Fuse in the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of BELFB stock opened at $68.72 on Friday. The firm has a fifty day moving average of $60.31 and a two-hundred day moving average of $60.68. The firm has a market cap of $867.25 million, a P/E ratio of 11.54 and a beta of 1.46. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $74.75. 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 results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $128.09 million for the quarter, compared to the consensus estimate of $128.47 million. As a group, research analysts anticipate that Bel Fuse Inc. will post 4.39 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

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. The ex-dividend date is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.41%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

Analysts Set New Price Targets

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

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the business’s 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 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 this hyperlink. Insiders own 5.37% of the company’s stock.

Bel Fuse 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.