Steward Partners Investment Advisory LLC Reduces Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Steward Partners Investment Advisory LLC reduced its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 42.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,700 shares of the electronics maker’s stock after selling 2,000 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Bel Fuse were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 200 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse in the 3rd quarter valued at about $288,000. SG Americas Securities LLC boosted its position in Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after buying an additional 1,146 shares during the period. Principal Financial Group Inc. boosted its position in Bel Fuse by 6.3% in the 4th 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 period. Finally, Truvestments Capital LLC boosted its position in Bel Fuse by 11.8% in the 3rd quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker’s stock valued at $739,000 after buying an additional 990 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Trading Up 2.8 %

NASDAQ:BELFB opened at $76.39 on Friday. Bel Fuse Inc. has a one year low of $53.74 and a one year high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm has a market cap of $957.85 million, a P/E ratio of 23.36, a P/E/G ratio of 1.24 and a beta of 1.12. The firm has a 50-day simple moving average of $80.78 and a 200-day simple moving average of $79.06.

Bel Fuse (NASDAQ:BELFB) last posted 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 firm had revenue of $149.86 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $1.29 EPS. Equities analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid 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 0.37%. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target of $100.00.

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.