Brown Advisory Inc. Lowers Stake in Bel Fuse Inc. (NASDAQ:BELFA)

Brown Advisory Inc. cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,742 shares of the scientific and technical instruments company's stock after selling 3,358 shares during the quarter. Brown Advisory Inc. owned 1.36% of Bel Fuse worth $12,304,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BELFA. American Century Companies Inc. lifted its holdings in Bel Fuse by 58.1% during the 4th 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company's stock worth $10,205,000 after buying an additional 45,710 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Bel Fuse by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after purchasing an additional 223 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Bel Fuse by 3.1% in the 4th quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company's stock valued at $3,896,000 after purchasing an additional 1,300 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Down 0.4%

Shares of BELFA traded down $0.38 during midday trading on Monday, reaching $91.62. The stock had a trading volume of 8,247 shares, compared to its average volume of 10,222. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The company's fifty day simple moving average is $75.57 and its two-hundred day simple moving average is $76.80. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 28.10 and a beta of 1.15. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $106.93.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. The firm 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 7.69% and a return on equity of 18.47%.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is 7.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BELFA shares. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a report on Monday, June 9th. Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the company a "buy" rating in a 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.