WealthTrust Axiom LLC Makes New $192,000 Investment in Bel Fuse Inc. (NASDAQ:BELFB)

WealthTrust Axiom LLC purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFBGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,779 shares of the electronics maker’s stock, valued at approximately $192,000. WealthTrust Axiom LLC owned 0.09% of Bel Fuse as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in shares of Bel Fuse by 704.2% during the first quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 3,169 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Bel Fuse in the first quarter worth about $87,000. Bailard Inc. acquired a new stake in Bel Fuse in the first quarter worth about $381,000. Assenagon Asset Management S.A. raised its position in Bel Fuse by 402.6% in the first quarter. Assenagon Asset Management S.A. now owns 151,911 shares of the electronics maker’s stock worth $2,710,000 after acquiring an additional 121,686 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in Bel Fuse by 22.9% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 48,420 shares of the electronics maker’s stock worth $864,000 after acquiring an additional 9,020 shares in the last quarter. Institutional investors and hedge funds own 49.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BELFB shares. Needham & Company LLC boosted their price target on shares of Bel Fuse from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. StockNews.com upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Bel Fuse Trading Up 0.1 %

NASDAQ:BELFB opened at $24.97 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 1.56. Bel Fuse Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $25.37. The stock’s 50-day moving average is $17.60 and its two-hundred day moving average is $16.33. The stock has a market cap of $312.62 million, a PE ratio of 8.61 and a beta of 1.64.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, October 14th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. Bel Fuse’s payout ratio is 9.66%.

About Bel Fuse

(Get Rating)

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

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Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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