Dimensional Fund Advisors LP Has $62.03 Million Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Dimensional Fund Advisors LP decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 752,122 shares of the electronics maker's stock after selling 17,600 shares during the quarter. Dimensional Fund Advisors LP owned 6.00% of Bel Fuse worth $62,027,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Bel Fuse during the 4th quarter worth $148,000. Integrated Quantitative Investments LLC acquired a new position in Bel Fuse during the 4th quarter worth approximately $298,000. SG Americas Securities LLC increased its position in Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after purchasing an additional 1,146 shares in the last quarter. Principal Financial Group Inc. increased its position in Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after purchasing an additional 249 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Bel Fuse in the fourth quarter valued at approximately $371,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 2.0 %

Shares of BELFB opened at $67.06 on Friday. The stock's 50-day moving average price is $73.11 and its two-hundred day moving average price is $78.27. Bel Fuse Inc. has a 12 month low of $57.20 and a 12 month high of $92.61. The company has a market capitalization of $840.87 million, a PE ratio of 20.51, a PEG ratio of 1.24 and a beta of 1.12. 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:BELFB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. On average, analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. Bel Fuse's payout ratio is currently 8.14%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC dropped their price target on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Monday. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. Finally, StockNews.com cut 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bel Fuse currently has an average rating of "Buy" and an average target price of $102.50.

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.

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