Rhumbline Advisers Has $1.36 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Rhumbline Advisers raised its position in Bel Fuse Inc. (NASDAQ:BELFB) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,427 shares of the electronics maker’s stock after acquiring an additional 418 shares during the period. Rhumbline Advisers’ holdings in Bel Fuse were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Bel Fuse by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 41,059 shares of the electronics maker’s stock worth $3,224,000 after purchasing an additional 1,029 shares during the period. Summit Global Investments bought a new stake in Bel Fuse in the 3rd quarter valued at $479,000. Victory Capital Management Inc. raised its stake in shares of Bel Fuse by 26.5% in 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 lifted its holdings in shares of Bel Fuse by 7.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock worth $14,093,000 after acquiring an additional 12,007 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after acquiring an additional 15,296 shares during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $80.00 on Thursday. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The firm’s 50-day moving average price is $81.41 and its two-hundred day moving average price is $78.55. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.24 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter in the previous year, the firm posted $1.29 EPS. On average, equities analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given 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 0.35%. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Wall Street Analysts Forecast Growth

BELFB has been the topic of a number of analyst reports. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Needham & Company LLC upped their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $100.00.

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.