GW&K Investment Management LLC Sells 33,034 Shares of Bel Fuse Inc. $BELFB

GW&K Investment Management LLC trimmed its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,317 shares of the electronics maker’s stock after selling 33,034 shares during the period. GW&K Investment Management LLC owned about 1.28% of Bel Fuse worth $27,534,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BELFB. Farther Finance Advisors LLC grew its holdings in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Bel Fuse by 139.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 151 shares during the last quarter. Federated Hermes Inc. grew its holdings in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the last quarter. Erste Asset Management GmbH bought a new position in Bel Fuse during the 4th quarter valued at about $83,000. Finally, BNP Paribas Financial Markets grew its holdings in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Price Performance

Shares of BELFB stock opened at $276.95 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The company has a market capitalization of $3.52 billion, a P/E ratio of 63.09, a P/E/G ratio of 2.77 and a beta of 1.70. The company’s 50-day simple moving average is $258.30 and its two-hundred day simple moving average is $217.42. Bel Fuse Inc. has a one year low of $79.60 and a one year high of $308.27.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BELFB. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. initiated coverage on shares of Bel Fuse in a research note on Wednesday. They issued an “overweight” rating and a $370.00 target price on the stock. Needham & Company LLC upped their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bel Fuse currently has an average rating of “Moderate Buy” and an average target price of $319.80.

Bel Fuse Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.