Thrivent Financial for Lutherans Reduces Position in Bel Fuse Inc. (NASDAQ:BELFB)

Thrivent Financial for Lutherans lessened its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,072 shares of the electronics maker's stock after selling 25,431 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.23% of Bel Fuse worth $12,706,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BELFB. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 200 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse during the third quarter worth approximately $288,000. SG Americas Securities LLC lifted its holdings in Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after purchasing an additional 1,146 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after buying an additional 249 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in Bel Fuse by 11.8% in the 3rd quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker's stock worth $739,000 after purchasing an additional 990 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have weighed in on BELFB. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday. They set a "buy" rating and a $115.00 price objective for the company. Needham & Company LLC lifted their target price on Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Oppenheimer started coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 target price for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $103.75.

Bel Fuse Price Performance

BELFB stock traded down $0.08 during mid-day trading on Wednesday, reaching $77.37. 55,640 shares of the company traded hands, compared to its average volume of 79,056. The company has a fifty day moving average price of $80.35 and a 200-day moving average price of $79.74. 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 $970.14 million, a P/E ratio of 23.66, a P/E/G ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results 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 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 period in the prior year, the firm earned $1.29 EPS. As a group, analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Announces Dividend

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 issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. Bel Fuse's payout ratio is 8.56%.

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.