Navellier & Associates Inc. Acquires 9,478 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Navellier & Associates Inc. grew its position in Bel Fuse Inc. (NASDAQ:BELFB) by 68.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,415 shares of the electronics maker’s stock after purchasing an additional 9,478 shares during the period. Navellier & Associates Inc.’s holdings in Bel Fuse were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BELFB. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Bel Fuse in the third quarter valued at about $288,000. SG Americas Securities LLC lifted its holdings in shares of Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after purchasing an additional 1,146 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Bel Fuse in the third quarter valued at about $479,000. 58.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.37% of the company’s stock.

Bel Fuse Stock Performance

BELFB opened at $86.07 on Friday. The business’s 50-day simple moving average is $81.82 and its 200 day simple moving average is $77.34. The firm has a market capitalization of $1.08 billion, a PE ratio of 26.32, a PEG ratio of 0.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.71 and a current ratio of 2.92. Bel Fuse Inc. has a 52-week low of $45.74 and a 52-week high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period last year, the firm earned $1.29 EPS. As a group, sell-side analysts expect that Bel Fuse Inc. will post 5.65 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Wall Street Analysts Forecast Growth

BELFB has been the topic of several analyst reports. Oppenheimer initiated coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Needham & Company LLC upped their target price on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $100.00.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.