NEOS Investment Management LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

NEOS Investment Management LLC acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,120 shares of the electronics maker’s stock, valued at approximately $752,000. NEOS Investment Management LLC owned 0.07% of Bel Fuse at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BELFB. KLP Kapitalforvaltning AS bought a new position in Bel Fuse during the 4th quarter worth $148,000. BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Bel Fuse in the 3rd quarter valued at about $288,000. SG Americas Securities LLC grew 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 worth $305,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Principal Financial Group Inc. increased 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 worth $348,000 after purchasing an additional 249 shares during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $74.20 on Monday. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve month high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $80.13 and its 200 day simple moving average is $79.98. The firm has a market capitalization of $930.39 million, a PE ratio of 22.69, a price-to-earnings-growth 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 for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The company 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 quarter in the previous year, the business posted $1.29 earnings per share. On average, analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. 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 dividend payout ratio (DPR) is presently 8.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer started coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Craig Hallum assumed coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price objective for the company. Finally, Needham & Company LLC increased their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Bel Fuse has a consensus rating of “Buy” and an average target price of $103.75.

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.