Roubaix Capital LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 19.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,330 shares of the electronics maker's stock after purchasing an additional 8,849 shares during the period. Bel Fuse accounts for 2.3% of Roubaix Capital LLC's investment portfolio, making the stock its 21st largest position. Roubaix Capital LLC owned about 0.44% of Bel Fuse worth $3,610,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in BELFB. GW&K Investment Management LLC bought a new stake in Bel Fuse during the fourth quarter valued at $12,537,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Bel Fuse by 26.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker's stock valued at $6,658,000 after acquiring an additional 21,047 shares in the last quarter. Ophir Asset Management Pty Ltd bought a new stake in shares of Bel Fuse during the 4th quarter valued at about $6,572,000. International Assets Investment Management LLC purchased a new position in shares of Bel Fuse during the fourth quarter worth about $6,041,000. Finally, Paragon Associates & Paragon Associates II Joint Venture purchased a new position in shares of Bel Fuse during the first quarter worth about $3,619,000. Institutional investors own 58.39% of the company's stock.
Analysts Set New Price Targets
BELFB has been the topic of a number of research analyst reports. Northland Securities raised Bel Fuse from a "market perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Thursday. Needham & Company LLC upped their price objective on Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, StockNews.com raised Bel Fuse from a "hold" rating to a "buy" rating in a report on Thursday, August 1st.
Read Our Latest Analysis on BELFB
Bel Fuse Trading Up 0.6 %
Shares of NASDAQ BELFB traded up $0.42 during trading hours on Thursday, hitting $65.21. The company's stock had a trading volume of 49,587 shares, compared to its average volume of 97,366. The business has a 50-day simple moving average of $66.44 and a 200-day simple moving average of $62.96. The stock has a market cap of $822.95 million, a price-to-earnings ratio of 10.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. Bel Fuse Inc. has a 12 month low of $39.13 and a 12 month high of $76.09.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $130.27 million. During the same quarter in the previous year, the business posted $1.95 earnings per share. On average, analysts anticipate that Bel Fuse Inc. will post 4.52 earnings per share for the current fiscal year.
Bel Fuse Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.43%. Bel Fuse's payout ratio is 4.71%.
About Bel Fuse
(
Free Report)
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.
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