Bel Fuse Inc. (NASDAQ:BELFB) Position Lowered by Invesco Ltd.

Invesco Ltd. lowered its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 50.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,814 shares of the electronics maker's stock after selling 193,012 shares during the quarter. Invesco Ltd. owned approximately 1.51% of Bel Fuse worth $15,654,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in shares of Bel Fuse by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock valued at $3,185,000 after purchasing an additional 215 shares during the period. Principal Financial Group Inc. raised its holdings in shares of 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. Rhumbline Advisers increased its position in Bel Fuse by 2.6% in the 4th quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker's stock valued at $1,355,000 after acquiring an additional 418 shares during the period. Empowered Funds LLC raised its stake in Bel Fuse by 4.8% during the 4th quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker's stock valued at $949,000 after acquiring an additional 523 shares during the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Bel Fuse by 4.7% in the 4th quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker's stock valued at $1,532,000 after purchasing an additional 830 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Trading Up 3.3 %

BELFB traded up $2.24 during midday trading on Thursday, hitting $70.18. The company's stock had a trading volume of 98,686 shares, compared to its average volume of 91,779. The firm has a market cap of $879.99 million, a P/E ratio of 21.46, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 52-week low of $57.00 and a 52-week high of $92.61. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $74.92 and a two-hundred day moving average price of $78.82.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million during the quarter, compared to analysts' expectations of $126.41 million. During the same quarter in the previous year, the business posted $1.29 EPS. On average, research analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.40%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is 8.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BELFB shares. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Craig Hallum assumed coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target on the stock. Finally, Needham & Company LLC raised their price objective 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $103.75.

About Bel Fuse

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.