Strs Ohio Purchases New Position in Bel Fuse Inc. $BELFA

Strs Ohio acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,200 shares of the scientific and technical instruments company’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BELFA. BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Bel Fuse during the 4th quarter worth approximately $61,000. Deutsche Bank AG acquired a new stake in Bel Fuse during the 4th quarter worth approximately $111,000. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 608 shares in the last quarter. Finally, PenderFund Capital Management Ltd. bought a new position in Bel Fuse in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ BELFA opened at $229.55 on Friday. 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 business has a 50-day moving average of $250.19 and a 200-day moving average of $214.07. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 55.31 and a beta of 1.37. Bel Fuse Inc. has a fifty-two week low of $87.90 and a fifty-two week high of $293.51.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The business had revenue of $178.49 million for the quarter, compared to analyst estimates of $172.07 million.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is 5.78%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $250.00.

Bel Fuse Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.