WealthTrust Axiom LLC Invests $192,000 in Bel Fuse Inc. (NASDAQ:BELFB)

WealthTrust Axiom LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFBGet Rating) during the first quarter, HoldingsChannel.com reports. The fund purchased 10,779 shares of the electronics maker’s stock, valued at approximately $192,000.

A number of other hedge funds also recently modified their holdings of BELFB. Assenagon Asset Management S.A. raised its position in Bel Fuse by 119.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 30,225 shares of the electronics maker’s stock valued at $391,000 after buying an additional 16,448 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in Bel Fuse by 49.4% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 39,400 shares of the electronics maker’s stock valued at $509,000 after buying an additional 13,020 shares during the last quarter. American Century Companies Inc. raised its position in Bel Fuse by 28.2% in the 4th quarter. American Century Companies Inc. now owns 15,754 shares of the electronics maker’s stock valued at $204,000 after buying an additional 3,468 shares during the last quarter. Victory Capital Management Inc. raised its position in Bel Fuse by 25.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,954 shares of the electronics maker’s stock valued at $77,000 after buying an additional 1,191 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Bel Fuse by 23.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,515 shares of the electronics maker’s stock valued at $214,000 after buying an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 49.11% of the company’s stock.

Bel Fuse Stock Up 0.1 %

BELFB stock opened at $24.97 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $17.60 and a two-hundred day moving average price of $16.33. The company has a market cap of $312.62 million, a price-to-earnings ratio of 8.61 and a beta of 1.64. Bel Fuse Inc. has a twelve month low of $11.58 and a twelve month high of $25.37.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 14th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.12%. Bel Fuse’s dividend payout ratio is 9.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Needham & Company LLC raised their price target on Bel Fuse from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 29th.

Bel Fuse Company Profile

(Get Rating)

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

Recommended Stories

Want to see what other hedge funds are holding BELFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bel Fuse Inc. (NASDAQ:BELFBGet Rating).

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.