Gamco Investors INC. ET AL Sells 11,300 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Gamco Investors INC. ET AL trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 95,138 shares of the scientific and technical instruments company’s stock after selling 11,300 shares during the period. Gamco Investors INC. ET AL’s holdings in Bel Fuse were worth $8,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after buying an additional 223 shares during the last quarter. Barclays PLC increased its position in shares of Bel Fuse by 278.9% in the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after acquiring an additional 1,701 shares during the period. State Street Corp raised its stake in shares of Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,876 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after purchasing an additional 11,031 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Bel Fuse by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after purchasing an additional 3,167 shares during the last quarter. 6.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Stock Down 0.4 %

Shares of NASDAQ:BELFA opened at $64.72 on Thursday. The firm has a market capitalization of $811.52 million, a P/E ratio of 20.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The stock has a 50 day moving average price of $74.91 and a 200-day moving average price of $88.11. Bel Fuse Inc. has a 52-week low of $53.95 and a 52-week high of $106.93.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. Bel Fuse’s dividend payout ratio is currently 7.77%.

Bel Fuse Company 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.