10,614 Shares in Bel Fuse Inc. (NASDAQ:BELFB) Purchased by Inspire Investing LLC

Inspire Investing LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,614 shares of the electronics maker’s stock, valued at approximately $833,000. Inspire Investing LLC owned approximately 0.08% of Bel Fuse at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Beach Investment Counsel Inc. PA acquired a new position in shares of Bel Fuse in the second quarter valued at approximately $25,000. Comerica Bank increased its position in shares of Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares during the period. Rhumbline Advisers raised its stake in shares of Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock valued at $1,094,000 after acquiring an additional 787 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Bel Fuse by 10.5% in the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after purchasing an additional 823 shares during the period. Finally, PFG Advisors grew its stake in Bel Fuse by 20.7% during the 1st quarter. PFG Advisors now owns 7,804 shares of the electronics maker’s stock worth $471,000 after purchasing an additional 1,341 shares in the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BELFB has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities increased their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $84.79 on Tuesday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 14.27 and a beta of 1.34. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $85.08. The firm’s 50 day moving average is $70.09 and its two-hundred day moving average is $66.42.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same period last year, the business earned $1.95 EPS. Research analysts forecast that Bel Fuse Inc. will post 4.52 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. Bel Fuse’s dividend payout ratio is presently 4.71%.

Bel Fuse Profile

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.