Truvestments Capital LLC Grows Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Truvestments Capital LLC raised its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 27.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,997 shares of the electronics maker’s stock after buying an additional 2,588 shares during the quarter. Truvestments Capital LLC owned approximately 0.10% of Bel Fuse worth $989,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. PFG Advisors boosted its holdings in Bel Fuse by 13.6% in the 4th quarter. PFG Advisors now owns 9,299 shares of the electronics maker’s stock valued at $767,000 after purchasing an additional 1,116 shares in the last quarter. Navellier & Associates Inc. grew its holdings in Bel Fuse by 68.0% during the 4th quarter. Navellier & Associates Inc. now owns 23,415 shares of the electronics maker’s stock worth $1,931,000 after acquiring an additional 9,478 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Bel Fuse by 6.3% during 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 during the last quarter. Rhumbline Advisers boosted its position in shares of Bel Fuse by 2.6% during the fourth quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker’s stock worth $1,355,000 after buying an additional 418 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of Bel Fuse by 46.5% during the fourth quarter. Legato Capital Management LLC now owns 26,982 shares of the electronics maker’s stock valued at $2,225,000 after acquiring an additional 8,560 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Price Performance

Bel Fuse stock opened at $77.09 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The stock has a 50-day moving average price of $81.13 and a two-hundred day moving average price of $79.03. The company has a market capitalization of $966.63 million, a PE ratio of 23.57, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period in the previous year, the business posted $1.29 EPS. Analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BELFB shares. Oppenheimer assumed coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Needham & Company LLC lifted their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $100.00.

Bel Fuse 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.