Gamco Investors INC. ET AL Sells 11,300 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Gamco Investors INC. ET AL reduced its stake in Bel Fuse Inc. (NASDAQ:BELFA) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,138 shares of the scientific and technical instruments company’s stock after selling 11,300 shares during the period. Gamco Investors INC. ET AL owned approximately 0.76% of Bel Fuse worth $8,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock worth $10,205,000 after purchasing an additional 45,710 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bel Fuse by 3.1% in the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock worth $3,896,000 after purchasing an additional 1,300 shares during the period. Geode Capital Management LLC increased its holdings in shares of Bel Fuse by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after purchasing an additional 3,167 shares during the period. American Century Companies Inc. raised its position in shares of Bel Fuse by 58.1% in the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after buying an additional 11,031 shares in the last quarter. Finally, State Street Corp boosted its stake in Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after buying an additional 2,876 shares during the period. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Trading Down 0.4 %

Shares of BELFA opened at $64.72 on Thursday. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $106.93. The company has a market capitalization of $811.52 million, a P/E ratio of 20.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm’s 50 day simple moving average is $74.91 and its 200 day simple moving average is $88.11.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.44. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The firm had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is currently 7.77%.

Wall Street Analyst Weigh In

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the stock a “buy” rating in a research note on Tuesday, March 25th.

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.