Bel Fuse Inc. $BELFA Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 18.9% in the 1st quarter, Holdings Channel reports. The fund owned 53,200 shares of the scientific and technical instruments company’s stock after selling 12,438 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bel Fuse were worth $9,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hound Partners LLC purchased a new position in Bel Fuse in the 4th quarter worth approximately $5,714,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Bel Fuse during the 3rd quarter worth approximately $1,628,000. Citadel Advisors LLC boosted its holdings in shares of Bel Fuse by 434.9% during the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock worth $1,552,000 after purchasing an additional 10,843 shares during the last quarter. Millennium Management LLC grew its position in shares of Bel Fuse by 314.2% in the fourth quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock valued at $1,932,000 after purchasing an additional 9,656 shares in the last quarter. Finally, Nitor Capital Management LLC purchased a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $1,063,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $233.15 on Friday. The company’s 50-day moving average is $245.72 and its two-hundred day moving average is $219.44. Bel Fuse Inc. has a 1-year low of $94.15 and a 1-year high of $293.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 56.18 and a beta of 1.37.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The business had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is presently 5.78%.

Analyst Ratings Changes

A number of brokerages recently commented on BELFA. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup assumed coverage on Bel Fuse in a report on Monday, July 13th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.