Roubaix Capital LLC Boosts Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Roubaix Capital LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 16.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,399 shares of the electronics maker's stock after buying an additional 9,069 shares during the period. Bel Fuse comprises 2.8% of Roubaix Capital LLC's portfolio, making the stock its 8th largest holding. Roubaix Capital LLC owned 0.51% of Bel Fuse worth $5,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BELFB. Allspring Global Investments Holdings LLC boosted its holdings in Bel Fuse by 1,036.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker's stock worth $922,000 after buying an additional 13,943 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Bel Fuse during the first quarter worth about $471,000. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 5,862 shares of the electronics maker's stock valued at $354,000 after purchasing an additional 2,484 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Bel Fuse by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 41,958 shares of the electronics maker's stock valued at $2,530,000 after purchasing an additional 4,426 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Bel Fuse in the first quarter valued at about $760,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on BELFB shares. Northland Capmk raised shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 5th. Northland Securities upped their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. StockNews.com raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 25th. Finally, 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.

Bel Fuse Trading Down 1.9 %

Shares of Bel Fuse stock traded down $1.48 during trading hours on Thursday, hitting $75.42. The company's stock had a trading volume of 146,669 shares, compared to its average volume of 93,061. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $85.91. The business has a fifty day moving average of $74.76 and a 200 day moving average of $68.25. The company has a market capitalization of $946.37 million, a PE ratio of 17.30 and a beta of 1.34. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse's payout ratio is 6.42%.

Bel Fuse 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.