Royce & Associates LP Cuts Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Royce & Associates LP lowered its position in Bel Fuse Inc. (NASDAQ:BELFB) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 433,879 shares of the electronics maker’s stock after selling 2,777 shares during the period. Royce & Associates LP owned approximately 3.46% of Bel Fuse worth $35,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after buying an additional 6,250 shares during the last quarter. Janus Henderson Group PLC grew its position in Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after purchasing an additional 25,607 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Bel Fuse by 7.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock worth $14,093,000 after purchasing an additional 12,007 shares during the last quarter. Portolan Capital Management LLC grew its position in Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after purchasing an additional 66,621 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after purchasing an additional 15,296 shares during 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 opened at $76.39 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The company has a 50 day simple moving average of $80.78 and a two-hundred day simple moving average of $79.15. The stock has a market cap of $957.85 million, a price-to-earnings ratio of 23.36, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last announced 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). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is 8.56%.

Analyst Upgrades and Downgrades

Several analysts have weighed in 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 target price on the stock. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, 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 research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average 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.