Aristeia Capital L.L.C. Has $1.68 Million Position in Bel Fuse Inc. $BELFA

Aristeia Capital L.L.C. lifted its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,094 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,994 shares during the period. Aristeia Capital L.L.C.’s holdings in Bel Fuse were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BELFA. Allspring Global Investments Holdings LLC bought a new stake in Bel Fuse during the fourth quarter worth $444,000. Congruence Capital LLC bought a new stake in shares of Bel Fuse during the 4th quarter worth $414,000. FNY Investment Advisers LLC lifted its position in shares of Bel Fuse by 186.7% during the 3rd quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock worth $190,000 after buying an additional 1,066 shares during the last quarter. Rhumbline Advisers boosted its stake in Bel Fuse by 3.9% in the third quarter. Rhumbline Advisers now owns 3,196 shares of the scientific and technical instruments company’s stock valued at $372,000 after buying an additional 121 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Bel Fuse in the third quarter valued at about $358,000. 6.01% of the stock is owned by institutional investors.

Bel Fuse Stock Up 1.5%

Shares of BELFA opened at $265.66 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse Inc. has a 52 week low of $78.90 and a 52 week high of $276.20. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 64.01 and a beta of 1.38. The stock has a fifty day moving average of $241.94 and a 200-day moving average of $201.83.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The business had revenue of $178.49 million during the quarter, compared to analysts’ expectations of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 5.78%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BELFA. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $250.00 price target on shares of Bel Fuse in a research note on Thursday, February 19th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.