Hodges Capital Management Inc. Invests $3.35 Million in Bel Fuse Inc. (NASDAQ:BELFB)

Hodges Capital Management Inc. bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 51,295 shares of the electronics maker’s stock, valued at approximately $3,346,000. Hodges Capital Management Inc. owned about 0.41% of Bel Fuse at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. LSV Asset Management boosted its holdings in shares of Bel Fuse by 15.8% in the fourth quarter. LSV Asset Management now owns 249,900 shares of the electronics maker’s stock valued at $16,686,000 after buying an additional 34,100 shares during the period. GW&K Investment Management LLC bought a new stake in Bel Fuse during the fourth quarter worth $12,537,000. Charles Schwab Investment Management Inc. lifted its stake in Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after acquiring an additional 21,047 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in shares of Bel Fuse in the 4th quarter valued at about $6,572,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth about $6,041,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of research reports. StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Northland Securities raised their price objective on Bel Fuse from $63.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. Finally, Needham & Company LLC lifted their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bel Fuse Trading Down 1.1 %

Shares of NASDAQ BELFB traded down $0.73 during midday trading on Wednesday, reaching $63.94. The stock had a trading volume of 1,742 shares, compared to its average volume of 97,441. The company’s 50 day moving average price is $66.42 and its 200 day moving average price is $62.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. Bel Fuse Inc. has a twelve month low of $39.13 and a twelve month high of $76.09. The firm has a market cap of $806.92 million, a price-to-earnings ratio of 10.89 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, sell-side analysts expect that Bel Fuse Inc. will post 4.52 EPS for the current year.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.44%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.