NEOS Investment Management LLC Purchases Shares of 9,120 Bel Fuse Inc. (NASDAQ:BELFB)

NEOS Investment Management LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,120 shares of the electronics maker's stock, valued at approximately $752,000. NEOS Investment Management LLC owned about 0.07% of Bel Fuse at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse in the fourth quarter valued at about $148,000. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after buying an additional 200 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $288,000. SG Americas Securities LLC boosted its stake in shares of Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock valued at $305,000 after buying an additional 1,146 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after acquiring an additional 249 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Price Performance

Shares of Bel Fuse stock traded down $3.81 during trading on Friday, hitting $60.82. 160,898 shares of the company were exchanged, compared to its average volume of 78,335. Bel Fuse Inc. has a fifty-two week low of $53.74 and a fifty-two week high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $79.00 and a 200 day moving average price of $79.87. The stock has a market capitalization of $762.62 million, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.24 and a beta of 1.12.

Remove Ads

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The company 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 12.37%. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, equities analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.46%. Bel Fuse's dividend payout ratio (DPR) is presently 8.56%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer initiated coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 target price on the stock. Needham & Company LLC upped their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Craig Hallum initiated coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. Finally, StockNews.com lowered Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of "Buy" and an average target price of $103.75.

Bel Fuse Company 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.