GW&K Investment Management LLC Acquires Shares of 187,765 Bel Fuse Inc. (NASDAQ:BELFB)

GW&K Investment Management LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 187,765 shares of the electronics maker’s stock, valued at approximately $12,537,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd lifted its position in Bel Fuse by 26.5% during the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 212 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Bel Fuse during the third quarter worth $48,000. Tucker Asset Management LLC purchased a new position in Bel Fuse in the 3rd quarter valued at $59,000. AJOVista LLC acquired a new position in Bel Fuse in the 4th quarter valued at $73,000. Finally, National Bank of Canada FI purchased a new position in Bel Fuse during the 4th quarter worth $78,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB traded up $0.92 on Wednesday, reaching $67.23. 6,395 shares of the company were exchanged, compared to its average volume of 112,826. The company has a 50-day moving average of $59.86 and a 200-day moving average of $60.59. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The firm has a market cap of $848.44 million, a price-to-earnings ratio of 11.16 and a beta of 1.46. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $74.75.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $128.09 million for the quarter, compared to analyst estimates of $128.47 million. Equities analysts forecast that Bel Fuse Inc. will post 4.39 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, July 12th. Bel Fuse’s payout ratio is currently 4.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BELFB shares. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research note on Thursday, May 2nd. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Finally, Needham & Company LLC reduced their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, April 29th.

Insider Buying and Selling

In related news, Director Vincent Vellucci sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the sale, the director now directly owns 7,392 shares in the company, valued at approximately $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is currently owned by insiders.

About Bel Fuse

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.