DHK Financial Advisors Inc. Acquires Shares of 5,132 Bel Fuse Inc. (NASDAQ:BELFB)

DHK Financial Advisors Inc. purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the 2nd quarter, HoldingsChannel reports. The fund purchased 5,132 shares of the electronics maker’s stock, valued at approximately $335,000.

Several other large investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC purchased a new stake in shares of Bel Fuse during the fourth quarter worth $12,537,000. Ophir Asset Management Pty Ltd purchased a new stake in shares of Bel Fuse during the 4th quarter worth about $6,572,000. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in shares of Bel Fuse during the 1st quarter valued at about $3,619,000. Isthmus Partners LLC bought a new stake in shares of Bel Fuse in the 2nd quarter valued at approximately $39,000. Finally, Hodges Capital Management Inc. acquired a new position in Bel Fuse in the second quarter worth approximately $3,346,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFB opened at $69.15 on Tuesday. The company has a market capitalization of $872.67 million, a PE ratio of 11.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. Bel Fuse Inc. has a one year low of $39.13 and a one year high of $76.09. The company’s fifty day moving average price is $66.63 and its 200 day moving average price is $63.47.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Bel Fuse’s dividend payout ratio is 4.71%.

Analysts Set New Price Targets

Several analysts have commented on BELFB shares. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Securities upgraded Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Thursday, September 5th. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

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.