Brandywine Global Investment Management LLC Sells 1,703 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Brandywine Global Investment Management LLC trimmed its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,105 shares of the electronics maker’s stock after selling 1,703 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.26% of Bel Fuse worth $2,648,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Bel Fuse by 10.6% in the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after purchasing an additional 33,768 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after acquiring an additional 6,250 shares during the period. Janus Henderson Group PLC boosted its holdings 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 valued at $20,109,000 after acquiring an additional 25,607 shares during the period. Portolan Capital Management LLC grew its position in Bel Fuse by 122.8% in the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock valued at $9,489,000 after acquiring an additional 66,621 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Bel Fuse by 15.5% in the third 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 period. 58.39% of the stock is owned by institutional investors.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $75.97 on Thursday. The company’s 50 day moving average is $79.73 and its 200 day moving average is $80.04. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a market cap of $952.59 million, a price-to-earnings ratio of 23.23, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results 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 return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, sell-side analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is currently 8.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BELFB shares. Needham & Company LLC upped their price target 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. Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price on the stock. Oppenheimer started coverage on 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 downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $103.75.

Bel Fuse Company 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.