New York State Common Retirement Fund Has $345,000 Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

New York State Common Retirement Fund reduced its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,188 shares of the electronics maker’s stock after selling 584 shares during the period. New York State Common Retirement Fund’s holdings in Bel Fuse were worth $345,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Bel Fuse by 10.0% during the third 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. Principal Financial Group Inc. grew its holdings 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 in the last quarter. Rhumbline Advisers increased its position in Bel Fuse by 2.6% during the 4th quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker’s stock worth $1,355,000 after buying an additional 418 shares during the period. Empowered Funds LLC lifted its holdings in shares of Bel Fuse by 4.8% during the fourth quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker’s stock worth $949,000 after buying an additional 523 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of Bel Fuse by 4.7% in the fourth quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker’s stock valued at $1,532,000 after acquiring an additional 830 shares during the period. 58.39% of the stock is owned by institutional investors.

Bel Fuse Trading Down 2.5 %

BELFB opened at $80.38 on Wednesday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.24 and a beta of 1.28. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve month high of $92.61. The company has a 50-day simple moving average of $81.49 and a 200 day simple moving average of $78.54.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $1.29 EPS. Analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s payout ratio is 8.56%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Oppenheimer assumed 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 raised 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. Finally, StockNews.com cut 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, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.