Zurcher Kantonalbank Zurich Cantonalbank Has $400,000 Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bel Fuse Inc. (NASDAQ:BELFB) by 184.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,993 shares of the electronics maker’s stock after purchasing an additional 3,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bel Fuse were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd increased its stake in Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock valued at $48,000 after buying an additional 212 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Bel Fuse by 0.7% in the third quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock valued at $1,767,000 after acquiring an additional 250 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Bel Fuse by 5.1% during the fourth quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock worth $1,353,000 after acquiring an additional 976 shares in the last quarter. Toronto Dominion Bank acquired a new position in Bel Fuse during the third quarter valued at approximately $48,000. Finally, Tucker Asset Management LLC bought a new position in Bel Fuse in the third quarter valued at approximately $59,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $58.04 on Friday. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $74.75. The company has a market capitalization of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The company has a 50-day simple moving average of $57.67 and a 200 day simple moving average of $59.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. On average, sell-side analysts predict that Bel Fuse Inc. will post 4.39 earnings per share for the current year.

Bel Fuse Announces Dividend

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

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the sale, the director now owns 7,392 shares in the company, valued at approximately $419,126.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

BELFB has been the topic of a number of analyst reports. Needham & Company LLC dropped their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research note on Thursday. Finally, StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday.

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.