Charles Schwab Investment Management Inc. lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,104 shares of the electronics maker's stock after selling 10,685 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Bel Fuse worth $8,503,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BELFB. Portolan Capital Management LLC boosted its position in shares of Bel Fuse by 122.8% during the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker's stock worth $9,489,000 after buying an additional 66,621 shares during the period. Hodges Capital Management Inc. lifted its stake in Bel Fuse by 38.1% during the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock worth $8,630,000 after acquiring an additional 28,860 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker's stock valued at $20,109,000 after acquiring an additional 25,607 shares during the period. Fisher Asset Management LLC acquired a new position in Bel Fuse in the 3rd quarter valued at about $1,677,000. Finally, Dean Investment Associates LLC increased its stake in Bel Fuse by 49.6% during the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker's stock worth $3,693,000 after purchasing an additional 15,588 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.
Bel Fuse Price Performance
BELFB traded down $0.07 during trading on Thursday, reaching $77.30. 76,600 shares of the stock were exchanged, compared to its average volume of 78,765. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company has a market capitalization of $969.26 million, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1 year low of $53.74 and a 1 year high of $92.61. The business's 50 day moving average price is $80.30 and its two-hundred day moving average price is $79.72.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to analysts' expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, equities research analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current year.
Bel Fuse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 0.36%. Bel Fuse's dividend payout ratio is currently 8.56%.
Analysts Set New Price Targets
Several research analysts have recently commented on BELFB shares. StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC upped their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday. They issued a "buy" rating and a $115.00 price objective on the stock. Finally, Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an "outperform" rating and a $105.00 target price for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $103.75.
Read Our Latest Stock Report on Bel Fuse
About Bel Fuse
(
Free Report)
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.
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