Dimensional Fund Advisors LP reduced its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 17.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 44,887 shares of the scientific and technical instruments company's stock after selling 9,783 shares during the period. Dimensional Fund Advisors LP owned about 0.35% of Bel Fuse worth $8,089,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Hound Partners LLC purchased a new position in shares of Bel Fuse in the 4th quarter worth approximately $5,714,000. Arrowstreet Capital Limited Partnership bought a new stake in Bel Fuse in the third quarter worth about $1,628,000. Citadel Advisors LLC boosted its stake in Bel Fuse by 434.9% in the third quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company's stock valued at $1,552,000 after acquiring an additional 10,843 shares during the last quarter. Millennium Management LLC grew its position in shares of Bel Fuse by 314.2% during the 4th quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company's stock valued at $1,932,000 after acquiring an additional 9,656 shares during the period. Finally, Nitor Capital Management LLC purchased a new stake in shares of Bel Fuse during the 4th quarter worth approximately $1,063,000. Institutional investors own 6.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Weiss Ratings downgraded Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Citigroup assumed coverage on Bel Fuse in a research report on Monday, July 13th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Bel Fuse currently has an average rating of "Moderate Buy" and a consensus target price of $250.00.
View Our Latest Stock Analysis on Bel Fuse
Bel Fuse Price Performance
Shares of Bel Fuse stock opened at $227.70 on Tuesday. Bel Fuse Inc. has a 1 year low of $107.51 and a 1 year high of $293.51. The firm has a market cap of $2.90 billion, a PE ratio of 58.24 and a beta of 1.40. The company has a 50 day simple moving average of $241.63 and a two-hundred day simple moving average of $223.85.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.42. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%. The firm had revenue of $210.69 million for the quarter, compared to analysts' expectations of $206.39 million.
Bel Fuse Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse's dividend payout ratio is currently 6.14%.
Bel Fuse Company Profile
(
Free Report)
Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.
Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.
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