Dean Capital Management Grows Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Dean Capital Management increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 70.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,909 shares of the electronics maker’s stock after acquiring an additional 17,668 shares during the period. Bel Fuse comprises 1.5% of Dean Capital Management’s portfolio, making the stock its 3rd biggest position. Dean Capital Management’s holdings in Bel Fuse were worth $3,539,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares during the period. JPMorgan Chase & Co. raised its position in Bel Fuse by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after purchasing an additional 2,793 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after buying an additional 1,146 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after buying an additional 28,860 shares during the period. Finally, Tectonic Advisors LLC raised its holdings in shares of Bel Fuse by 4.7% in the fourth quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker’s stock valued at $1,532,000 after acquiring an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Craig Hallum initiated coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price on the stock. Needham & Company LLC dropped their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $102.50.

Bel Fuse Stock Performance

BELFB stock opened at $69.62 on Wednesday. Bel Fuse Inc. has a one year low of $58.00 and a one year high of $92.61. The firm has a market cap of $872.97 million, a price-to-earnings ratio of 21.29, a PEG ratio of 1.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm has a 50-day simple moving average of $72.28 and a two-hundred day simple moving average of $77.91.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The company had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $147.93 million. On average, equities analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.34%. Bel Fuse’s payout ratio is 8.14%.

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.