Creekmur Asset Management LLC Acquires Shares of 2,135 Bel Fuse Inc. (NASDAQ:BELFB)

Creekmur Asset Management LLC acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,135 shares of the electronics maker’s stock, valued at approximately $143,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank bought a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $1,117,000. Janney Montgomery Scott LLC boosted its position in shares of Bel Fuse by 159.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 34,555 shares of the electronics maker’s stock valued at $1,649,000 after acquiring an additional 21,240 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $8,377,000. WINTON GROUP Ltd bought a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $287,000. Finally, ClariVest Asset Management LLC boosted its position in shares of Bel Fuse by 11.3% during the 3rd quarter. ClariVest Asset Management LLC now owns 14,832 shares of the electronics maker’s stock valued at $708,000 after acquiring an additional 1,500 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BELFB has been the subject of a number of research reports. Northland Securities downgraded Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research report on Thursday, May 2nd. Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th.

Bel Fuse Trading Down 1.4 %

BELFB traded down $0.94 during trading on Friday, reaching $65.78. The company had a trading volume of 40,125 shares, compared to its average volume of 81,608. The stock has a market cap of $830.14 million, a P/E ratio of 11.07 and a beta of 1.39. The business has a 50 day simple moving average of $62.84 and a 200-day simple moving average of $62.19. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $74.75. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The company had revenue of $128.09 million during the quarter, compared to the consensus estimate of $128.47 million. On average, equities analysts anticipate that Bel Fuse Inc. will post 4.39 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

Bel Fuse Company Profile

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.