Dean Capital Management Has $3.99 Million Holdings in Bel Fuse Inc. $BELFB

Dean Capital Management lowered its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,504 shares of the electronics maker’s stock after selling 8,735 shares during the quarter. Bel Fuse makes up approximately 1.7% of Dean Capital Management’s holdings, making the stock its 2nd biggest position. Dean Capital Management owned about 0.19% of Bel Fuse worth $3,987,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Bel Fuse during the fourth quarter valued at approximately $42,680,000. Wasatch Advisors LP raised its position in Bel Fuse by 74.3% in the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after acquiring an additional 174,969 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after acquiring an additional 161,736 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Bel Fuse by 1,345.9% in the fourth quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock worth $24,318,000 after acquiring an additional 133,446 shares during the period. Institutional investors own 58.39% of the company’s stock.

Analyst Ratings Changes

BELFB has been the subject of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on shares of Bel Fuse in a research report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Robert W. Baird set a $293.00 price target on Bel Fuse in a report on Friday, May 1st. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Northland Securities set a $321.00 price target on Bel Fuse in a research report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bel Fuse currently has an average rating of “Moderate Buy” and an average price target of $319.80.

Bel Fuse Trading Down 1.2%

Shares of BELFB stock opened at $296.39 on Friday. Bel Fuse Inc. has a 12-month low of $87.72 and a 12-month high of $311.67. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average price is $269.39 and its 200-day moving average price is $223.66. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 67.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.70.

Bel Fuse Announces Dividend

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

About Bel Fuse

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.