AJOVista LLC Takes Position in Bel Fuse Inc. (NASDAQ:BELFB)

AJOVista LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,087 shares of the electronics maker’s stock, valued at approximately $73,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in Bel Fuse during the 3rd quarter worth approximately $48,000. Covestor Ltd lifted its position in Bel Fuse by 26.5% during the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 212 shares during the period. Tucker Asset Management LLC acquired a new stake in Bel Fuse during the 3rd quarter worth approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Bel Fuse during the 3rd quarter worth approximately $100,000. Finally, Bleakley Financial Group LLC acquired a new stake in Bel Fuse during the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Insiders Place Their Bets

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were 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 directly owns 7,392 shares of the company’s stock, valued at approximately $419,126.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on BELFB. Northland Securities cut Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a report on Thursday. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC dropped their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, April 29th.

Bel Fuse Trading Down 0.9 %

NASDAQ:BELFB traded down $0.53 on Friday, hitting $58.04. 89,166 shares of the stock were exchanged, compared to its average volume of 86,174. The stock has a fifty day moving average of $57.67 and a 200-day moving average of $59.11. The stock has a market cap of $740.59 million, a PE ratio of 9.77 and a beta of 1.46. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a fifty-two week low of $39.13 and a fifty-two week high of $74.75.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The business had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. As a group, equities analysts expect that Bel Fuse Inc. will post 4.39 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

About Bel Fuse

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.