Inspire Investing LLC Purchases New Shares in Bel Fuse Inc. (NASDAQ:BELFB)

Inspire Investing LLC bought a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,614 shares of the electronics maker's stock, valued at approximately $833,000. Inspire Investing LLC owned about 0.08% of Bel Fuse as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Beach Investment Counsel Inc. PA bought a new position in Bel Fuse during the second quarter valued at about $25,000. Comerica Bank grew its position in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock valued at $45,000 after acquiring an additional 510 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter worth approximately $200,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Bel Fuse in the 1st quarter worth approximately $173,000. Finally, DHK Financial Advisors Inc. purchased a new position in Bel Fuse in the second quarter valued at approximately $335,000. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on BELFB. Needham & Company LLC increased their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Northland Capmk upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Northland Securities increased their target price on Bel Fuse from $80.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Finally, StockNews.com upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st.

Bel Fuse Price Performance

BELFB stock traded down $1.11 during midday trading on Tuesday, reaching $83.68. The company had a trading volume of 107,565 shares, compared to its average volume of 93,667. The firm has a 50-day moving average price of $71.02 and a 200-day moving average price of $66.75. The company has a market capitalization of $1.06 billion, a P/E ratio of 14.09 and a beta of 1.34. Bel Fuse Inc. has a 1 year low of $39.13 and a 1 year high of $85.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.58. The firm had revenue of $133.21 million during the quarter, compared to analysts' expectations of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same period in the prior year, the business earned $1.95 EPS. On average, research analysts anticipate that Bel Fuse Inc. will post 4.52 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse's dividend payout ratio is currently 4.71%.

Bel Fuse 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.