Northern Trust Corp increased its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,503 shares of the electronics maker's stock after buying an additional 12,307 shares during the period. Northern Trust Corp owned 0.92% of Bel Fuse worth $9,526,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of Bel Fuse by 0.6% in the fourth quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock valued at $3,185,000 after buying an additional 215 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after buying an additional 249 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Bel Fuse by 4.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker's stock valued at $568,000 after buying an additional 295 shares in the last quarter. Rhumbline Advisers raised its position in shares of Bel Fuse by 2.6% in the fourth quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker's stock valued at $1,355,000 after buying an additional 418 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Bel Fuse by 4.8% in the fourth quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker's stock valued at $949,000 after buying an additional 523 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on BELFB. Wall Street Zen downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a research 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 price objective for the company. Finally, Needham & Company LLC lowered their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $102.50.
Get Our Latest Stock Report on Bel Fuse
Bel Fuse Price Performance
BELFB traded down $0.05 during trading on Friday, hitting $72.48. 46,842 shares of the stock traded hands, compared to its average volume of 78,718. Bel Fuse Inc. has a twelve month low of $58.00 and a twelve month high of $92.61. The company has a market cap of $918.10 million, a price-to-earnings ratio of 22.17, a PEG ratio of 1.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The business has a 50 day moving average price of $71.41 and a 200 day moving average price of $77.69.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million for the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. Equities research analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.
Bel Fuse Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid 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 dividend yield of 0.33%. Bel Fuse's payout ratio is presently 8.14%.
About Bel Fuse
(
Free Report)
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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