GW&K Investment Management LLC Sells 33,034 Shares of Bel Fuse Inc. $BELFB

GW&K Investment Management LLC cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 16.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 162,317 shares of the electronics maker’s stock after selling 33,034 shares during the period. GW&K Investment Management LLC’s holdings in Bel Fuse were worth $27,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 151 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Bel Fuse by 52.5% during the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Bel Fuse during the fourth quarter valued at approximately $83,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 60.0% during the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BELFB shares. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Needham & Company LLC increased their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $293.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Bel Fuse in a research report on Wednesday. They set an “overweight” rating and a $370.00 target price for the company. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $319.80.

Bel Fuse Trading Up 0.3%

NASDAQ BELFB opened at $276.95 on Thursday. The company has a fifty day simple moving average of $258.30 and a two-hundred day simple moving average of $217.42. The stock has a market cap of $3.52 billion, a P/E ratio of 63.09, a P/E/G ratio of 2.77 and a beta of 1.70. Bel Fuse Inc. has a 12-month low of $79.60 and a 12-month high of $308.27. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

Bel Fuse Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.