Brown Advisory Inc. Sells 5,999 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Brown Advisory Inc. lowered its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 174,100 shares of the scientific and technical instruments company's stock after selling 5,999 shares during the period. Brown Advisory Inc. owned about 1.39% of Bel Fuse worth $15,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock worth $6,720,000 after purchasing an additional 66,027 shares during the period. American Century Companies Inc. raised its stake in 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 buying an additional 11,031 shares during the last quarter. Herald Investment Management Ltd acquired a new position in Bel Fuse in the fourth quarter valued at $360,000. Marshall Wace LLP bought a new stake in Bel Fuse during the fourth quarter valued at $337,000. Finally, Geode Capital Management LLC grew its holdings in Bel Fuse by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock worth $3,321,000 after acquiring an additional 3,167 shares during the period. Institutional investors and hedge funds own 6.01% of the company's stock.

Bel Fuse Stock Down 1.2 %

BELFA stock opened at $63.00 on Wednesday. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $106.93. The stock has a market cap of $789.96 million, a P/E ratio of 20.39 and a beta of 1.17. The stock's fifty day simple moving average is $69.71 and its two-hundred day simple moving average is $84.29. 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 (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.29. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The company had revenue of $152.24 million during the quarter, compared to analyst estimates of $148.60 million.

Bel Fuse Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.38%. Bel Fuse's dividend payout ratio (DPR) is presently 7.36%.

Analysts Set New Price Targets

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

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.

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