Isthmus Partners LLC Sells 217 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Isthmus Partners LLC reduced its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,409 shares of the electronics maker’s stock after selling 217 shares during the quarter. Isthmus Partners LLC owned approximately 0.38% of Bel Fuse worth $3,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BELFB. Geode Capital Management LLC grew its stake 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 lifted its stake in shares of Bel Fuse by 11.1% in the third quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after buying an additional 25,607 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Bel Fuse by 7.2% during the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock valued at $14,093,000 after buying an additional 12,007 shares during the last quarter. Portolan Capital Management LLC increased its position in shares of Bel Fuse by 122.8% during the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after acquiring 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 Bel Fuse stock opened at $80.80 on Monday. 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 stock’s fifty day moving average is $81.30 and its two-hundred day moving average is $78.85. Bel Fuse Inc. has a 52 week low of $53.74 and a 52 week high of $92.61. The company has a market capitalization of $1.01 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12.

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

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. 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 dividend payout ratio (DPR) is currently 8.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BELFB. Oppenheimer started coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. Needham & Company LLC raised their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. 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, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $100.00.

About Bel Fuse

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.