Hodges Capital Management Inc. Invests $3.35 Million in Bel Fuse Inc. (NASDAQ:BELFB)

Hodges Capital Management Inc. bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 51,295 shares of the electronics maker's stock, valued at approximately $3,346,000. Hodges Capital Management Inc. owned approximately 0.41% of Bel Fuse as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Beach Investment Counsel Inc. PA acquired a new position in shares of Bel Fuse during the second quarter valued at $25,000. Comerica Bank raised its holdings in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock worth $45,000 after purchasing an additional 510 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock valued at $57,000 after purchasing an additional 747 shares during the last quarter. National Bank of Canada FI bought a new stake in Bel Fuse during the fourth quarter worth approximately $78,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Bel Fuse in the fourth quarter valued at $143,000. Institutional investors own 58.39% of the company's stock.

Bel Fuse Stock Performance

BELFB stock traded up $0.12 during midday trading on Wednesday, hitting $64.79. 36,894 shares of the company traded hands, compared to its average volume of 97,648. Bel Fuse Inc. has a twelve month low of $39.13 and a twelve month high of $76.09. The stock has a market capitalization of $817.65 million, a price-to-earnings ratio of 10.91 and a beta of 1.41. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $66.44 and a 200-day simple moving average of $62.96.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same period last year, the business posted $1.95 EPS. As a group, equities research analysts predict that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. Bel Fuse's dividend payout ratio is presently 4.71%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BELFB shares. Northland Securities lifted their target price on Bel Fuse from $63.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, July 30th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st.

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.