WealthTrust Axiom LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB – Get 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
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
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.
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