NEOS Investment Management LLC Buys Shares of 9,120 Bel Fuse Inc. (NASDAQ:BELFB)

NEOS Investment Management LLC purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 9,120 shares of the electronics maker’s stock, valued at approximately $752,000.

A number of other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse in the fourth quarter valued at $148,000. BNP Paribas Financial Markets raised its position in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $288,000. SG Americas Securities LLC boosted its position in shares of Bel Fuse by 45.0% during the 4th 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. Finally, Principal Financial Group Inc. grew its stake in Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 249 shares during the period. 58.39% of the stock is owned by institutional investors.

Bel Fuse Stock Down 4.0 %

Shares of NASDAQ BELFB opened at $74.20 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company has a 50-day moving average price of $80.13 and a 200-day moving average price of $79.98. The stock has a market capitalization of $930.39 million, a P/E ratio of 22.69, a P/E/G ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1 year low of $53.74 and a 1 year high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its 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). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The company had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. During the same period in the previous year, the firm earned $1.29 EPS. On average, equities research analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. Bel Fuse’s payout ratio is 8.56%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BELFB shares. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target on the stock. Oppenheimer began coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC raised their target price on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Buy” and a consensus target price of $103.75.

About Bel Fuse

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.