Bank of New York Mellon Corp Has $5.10 Million Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Bank of New York Mellon Corp decreased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,813 shares of the electronics maker’s stock after selling 7,673 shares during the period. Bank of New York Mellon Corp owned approximately 0.49% of Bel Fuse worth $5,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Bel Fuse by 6.3% during the 4th 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 during the last quarter. Rhumbline Advisers grew its holdings in shares of 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 in the last quarter. Empowered Funds LLC increased its position in shares of Bel Fuse by 4.8% in the fourth 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 raised its holdings in Bel Fuse by 4.7% during the fourth quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker’s stock worth $1,532,000 after acquiring an additional 830 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on BELFB. Oppenheimer initiated coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Needham & Company LLC upped their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $100.00.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $75.23 on Tuesday. 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 current ratio of 2.92 and a quick ratio of 1.66. The company has a market cap of $943.31 million, a price-to-earnings ratio of 23.01, a PEG ratio of 1.24 and a beta of 1.12. The firm has a 50 day simple moving average of $80.67 and a 200 day simple moving average of $79.31.

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

Bel Fuse Announces Dividend

The company 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 of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.37%. 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.