Apis Capital Advisors LLC Cuts Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Apis Capital Advisors LLC cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 27.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,200 shares of the electronics maker’s stock after selling 9,900 shares during the quarter. Bel Fuse accounts for approximately 1.3% of Apis Capital Advisors LLC’s holdings, making the stock its 25th biggest holding. Apis Capital Advisors LLC owned approximately 0.21% of Bel Fuse worth $1,709,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Bel Fuse in the 4th quarter valued at about $1,061,000. Russell Investments Group Ltd. purchased a new stake in shares of Bel Fuse during the first quarter valued at approximately $1,532,000. Hussman Strategic Advisors Inc. bought a new position in shares of Bel Fuse in the first quarter worth approximately $760,000. Charles Schwab Investment Management Inc. increased its stake in shares of Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after buying an additional 21,047 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Bel Fuse during the 1st quarter valued at $407,000. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BELFB. Northland Securities upgraded shares of Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday, September 5th. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Needham & Company LLC increased their price objective on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Bel Fuse Trading Down 1.4 %

NASDAQ:BELFB opened at $79.79 on Monday. The company has a 50-day moving average price of $67.21 and a 200-day moving average price of $64.02. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 13.43 and a beta of 1.34. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a 12 month low of $39.13 and a 12 month high of $82.00.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The business had revenue of $133.21 million during the quarter, compared to analyst estimates of $130.27 million. During the same period last year, the business posted $1.95 earnings per share. Equities analysts predict that Bel Fuse Inc. will post 4.52 EPS for the current year.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 4.71%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.