Bank of New York Mellon Corp Has $5.10 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Bank of New York Mellon Corp cut its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,813 shares of the electronics maker's stock after selling 7,673 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of Bel Fuse worth $5,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BELFB. BNP Paribas Financial Markets raised its position in shares of Bel Fuse by 10.0% during 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 during the period. Kovitz Investment Group Partners LLC bought a new position in Bel Fuse during the 3rd quarter worth $288,000. SG Americas Securities LLC increased its position in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after buying an additional 1,146 shares during the period. Principal Financial Group Inc. lifted its stake in Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after buying an additional 249 shares during the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of Bel Fuse by 11.8% during the third quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker's stock valued at $739,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

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Bel Fuse Price Performance

Bel Fuse stock traded down $1.30 during trading hours on Friday, hitting $73.62. 72,537 shares of the company traded hands, compared to its average volume of 79,760. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The firm has a market cap of $923.16 million, a P/E ratio of 22.51, a P/E/G ratio of 1.24 and a beta of 1.12. The firm's 50-day simple moving average is $80.43 and its two-hundred day simple moving average is $79.31. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($1.10). The company had revenue of $149.86 million for 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 prior year, the business earned $1.29 EPS. As a group, analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given 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 8.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price objective on the stock. Needham & Company LLC raised their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and an average price target of $100.00.

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.