Creative Planning Invests $344,000 in Bel Fuse Inc. (NASDAQ:BELFB)

Creative Planning purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,272 shares of the electronics maker’s stock, valued at approximately $344,000.

A number of other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in shares of Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after acquiring an additional 123,092 shares during the period. Paragon Associates & Paragon Associates II Joint Venture purchased a new position in shares of Bel Fuse in the first quarter valued at about $3,619,000. Isthmus Partners LLC purchased a new position in shares of Bel Fuse during the second quarter valued at approximately $39,000. Hodges Capital Management Inc. bought a new stake in shares of Bel Fuse during the 2nd quarter valued at about $3,346,000. Finally, Roubaix Capital LLC purchased a new position in shares of Bel Fuse in the 1st quarter valued at approximately $2,803,000. 58.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, Northland Securities boosted their target price on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

Bel Fuse Price Performance

Shares of BELFB opened at $84.66 on Friday. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $71.93 and its 200-day simple moving average is $67.00. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.25 and a beta of 1.34. Bel Fuse Inc. has a twelve month low of $39.13 and a twelve month high of $85.91.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The company had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. Equities analysts forecast that Bel Fuse Inc. will post 4.52 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued 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 0.33%. 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.