Bel Fuse Inc. $BELFB is Dean Capital Management’s 2nd Largest Position

Dean Capital Management cut its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,504 shares of the electronics maker’s stock after selling 8,735 shares during the period. Bel Fuse comprises 1.7% of Dean Capital Management’s holdings, making the stock its 2nd largest holding. Dean Capital Management’s holdings in Bel Fuse were worth $3,987,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after acquiring an additional 240 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bel Fuse by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after acquiring an additional 116 shares during the last quarter. Rhumbline Advisers increased its stake in Bel Fuse by 2.5% during the second quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after acquiring an additional 383 shares during the last quarter. Sei Investments Co. bought a new stake in Bel Fuse during the second quarter worth approximately $312,000. Finally, The Manufacturers Life Insurance Company raised its position in Bel Fuse by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after purchasing an additional 337 shares during the period. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Price Performance

Shares of BELFB stock opened at $296.39 on Friday. Bel Fuse Inc. has a twelve month low of $87.72 and a twelve month high of $311.67. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 67.51, a P/E/G ratio of 2.94 and a beta of 1.70. The stock has a fifty day simple moving average of $269.39 and a two-hundred day simple moving average of $223.66. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Bel Fuse Dividend Announcement

The business 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Needham & Company LLC raised their price target on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $319.80.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.