LSV Asset Management lessened its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 38.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 136,479 shares of the electronics maker's stock after selling 83,521 shares during the period. LSV Asset Management owned 1.09% of Bel Fuse worth $11,255,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in BELFB. NEOS Investment Management LLC purchased a new stake in Bel Fuse during the fourth quarter valued at approximately $752,000. Paragon Associates & Paragon Associates II Joint Venture increased its position in shares of Bel Fuse by 7.9% during the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock worth $5,608,000 after acquiring an additional 5,000 shares during the period. Barclays PLC raised its position in Bel Fuse by 319.5% during the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker's stock valued at $1,257,000 after purchasing an additional 12,192 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Bel Fuse in the fourth quarter worth about $371,000. Finally, Hodges Capital Management Inc. raised its stake in Bel Fuse by 38.1% in the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock worth $8,630,000 after buying an additional 28,860 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.
Bel Fuse Stock Performance
Shares of NASDAQ:BELFB traded down $0.99 during trading on Tuesday, hitting $69.36. 45,017 shares of the stock traded hands, compared to its average volume of 79,138. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $76.53 and a two-hundred day moving average price of $79.30. The company has a market cap of $869.71 million, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.24 and a beta of 1.12.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same quarter last year, the company earned $1.29 EPS. As a group, equities analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.
Bel Fuse Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.40%. Bel Fuse's dividend payout ratio (DPR) is presently 8.56%.
Analyst Ratings Changes
A number of equities analysts have commented on BELFB shares. Needham & Company LLC boosted their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price for the company. Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price objective for the company. Finally, StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $103.75.
Check Out Our Latest Stock Report on BELFB
Bel Fuse Company Profile
(
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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