Mackenzie Financial Corp Buys Shares of 8,994 Bel Fuse Inc. (NASDAQ:BELFB)

Mackenzie Financial Corp bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,994 shares of the electronics maker’s stock, valued at approximately $601,000. Mackenzie Financial Corp owned 0.07% of Bel Fuse as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Bel Fuse in the fourth quarter valued at $6,041,000. Swiss National Bank acquired a new position in Bel Fuse in the third quarter valued at $1,117,000. Toronto Dominion Bank acquired a new position in Bel Fuse in the third quarter valued at $48,000. Gotham Asset Management LLC acquired a new position in Bel Fuse in the third quarter valued at $412,000. Finally, Strs Ohio boosted its stake in Bel Fuse by 757.1% in the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Insider Buying and Selling

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the transaction, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The sale was disclosed in a filing with the SEC, which is available at this link. 5.37% of the stock is currently owned by corporate insiders.

Bel Fuse Trading Down 4.7 %

NASDAQ BELFB opened at $57.91 on Friday. The stock has a market capitalization of $738.93 million, a P/E ratio of 9.93 and a beta of 1.45. Bel Fuse Inc. has a 52-week low of $35.78 and a 52-week high of $74.75. The firm has a 50-day moving average price of $58.10 and a 200 day moving average price of $58.62. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. Equities research analysts expect that Bel Fuse Inc. will post 4.7 EPS for the current year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 0.48%. Bel Fuse’s dividend payout ratio is currently 4.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BELFB. Needham & Company LLC decreased their target price on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Northland Securities began coverage on shares of Bel Fuse in a research note on Thursday, January 11th. They set an “outperform” rating and a $83.00 target price for the company.

Bel Fuse Profile

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.