Bel Fuse Inc. $BELFB Shares Sold by Dean Capital Management

Dean Capital Management reduced its position in Bel Fuse Inc. (NASDAQ:BELFB) by 36.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,847 shares of the electronics maker’s stock after selling 8,657 shares during the period. Bel Fuse makes up approximately 1.2% of Dean Capital Management’s investment portfolio, making the stock its 15th biggest position. Dean Capital Management’s holdings in Bel Fuse were worth $2,939,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BELFB. Tudor Investment Corp ET AL acquired a new position in shares of Bel Fuse in the third quarter worth about $2,739,000. Tema Etfs LLC grew its stake in Bel Fuse by 70.0% during the 4th quarter. Tema Etfs LLC now owns 89,918 shares of the electronics maker’s stock valued at $15,253,000 after purchasing an additional 37,022 shares in the last quarter. Phocas Financial Corp. acquired a new stake in Bel Fuse during the 4th quarter valued at approximately $3,917,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Bel Fuse during the 4th quarter worth approximately $843,000. Finally, Wasatch Advisors LP increased its holdings in Bel Fuse by 16.6% during the 1st quarter. Wasatch Advisors LP now owns 478,709 shares of the electronics maker’s stock worth $94,775,000 after purchasing an additional 68,222 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $272.80 on Monday. The firm has a market capitalization of $3.47 billion, a PE ratio of 62.14, a price-to-earnings-growth ratio of 2.83 and a beta of 1.68. The stock has a 50 day moving average of $280.40 and a 200-day moving average of $244.39. Bel Fuse Inc. has a 52 week low of $107.70 and a 52 week high of $335.29. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s payout ratio is currently 6.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BELFB shares. Northland Securities set a $321.00 target price on Bel Fuse in a research note on Monday, May 4th. Needham & Company LLC increased their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Zacks Research lowered Bel Fuse from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Bank of America began coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 target price for the company. Finally, B. Riley Financial assumed coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating on the stock. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.50.

Bel Fuse Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.