Dimensional Fund Advisors LP Has $7.56 Million Stake in Bel Fuse Inc. (NASDAQ:BELFA)

Dimensional Fund Advisors LP trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,969 shares of the scientific and technical instruments company's stock after selling 5,702 shares during the period. Dimensional Fund Advisors LP owned 0.67% of Bel Fuse worth $7,564,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Bel Fuse by 4,248.8% in the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock worth $6,720,000 after buying an additional 66,027 shares during the period. American Century Companies Inc. grew its position in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock worth $2,704,000 after acquiring an additional 11,031 shares during the last quarter. Herald Investment Management Ltd bought a new position in shares of Bel Fuse during the fourth quarter worth about $360,000. Marshall Wace LLP acquired a new stake in shares of Bel Fuse in the 4th quarter worth about $337,000. Finally, Geode Capital Management LLC lifted its position in Bel Fuse by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock valued at $3,321,000 after purchasing an additional 3,167 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum set a $115.00 target price on shares of Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.

Bel Fuse Stock Down 1.4%

Shares of NASDAQ:BELFA traded down $0.99 during trading on Friday, reaching $70.90. 413 shares of the company traded hands, compared to its average volume of 11,951. The firm has a fifty day simple moving average of $68.25 and a 200 day simple moving average of $82.76. 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 1-year low of $53.95 and a 1-year high of $106.93. The firm has a market cap of $898.14 million, a P/E ratio of 23.02 and a beta of 1.17.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.34%. Bel Fuse's dividend payout ratio (DPR) is presently 7.36%.

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.