Gamco Investors INC. ET AL Reduces Holdings in Bel Fuse Inc. (NASDAQ:BELFA)

Gamco Investors INC. ET AL lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent 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 0.76% of Bel Fuse worth $8,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFA. Wells Fargo & Company MN lifted its position in shares of Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after buying an additional 223 shares during the last quarter. Barclays PLC increased its holdings in Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after acquiring an additional 1,701 shares during the period. State Street Corp increased its holdings in shares of Bel Fuse by 12.9% in the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company's stock worth $2,498,000 after purchasing an additional 2,876 shares during the period. American Century Companies Inc. raised its holdings in shares of Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock valued at $2,704,000 after acquiring an additional 11,031 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Bel Fuse by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock worth $3,321,000 after buying an additional 3,167 shares in the last quarter. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Trading Down 4.2 %

BELFA traded down $2.78 on Tuesday, hitting $63.44. 6,261 shares of the company were exchanged, compared to its average volume of 12,228. 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 fifty day simple moving average of $73.94 and a two-hundred day simple moving average of $87.16. The stock has a market capitalization of $795.41 million, a PE ratio of 20.53 and a beta of 0.99. Bel Fuse Inc. has a 12 month low of $53.95 and a 12 month high of $106.93.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $149.86 million during the quarter, compared to analysts' expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. Bel Fuse's dividend payout ratio is presently 7.77%.

Wall Street Analysts Forecast Growth

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

About Bel Fuse

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.