Gotham Asset Management LLC Reduces Position in Bel Fuse Inc. (NASDAQ:BELFB)

Gotham Asset Management LLC lessened its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 39.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,302 shares of the electronics maker's stock after selling 4,067 shares during the quarter. Gotham Asset Management LLC owned about 0.05% of Bel Fuse worth $520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BELFB. JPMorgan Chase & Co. grew its stake in shares of Bel Fuse by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker's stock valued at $2,386,000 after purchasing an additional 2,793 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock valued at $305,000 after purchasing an additional 1,146 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock valued at $8,630,000 after purchasing an additional 28,860 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Bel Fuse by 4.7% in the 4th quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker's stock valued at $1,532,000 after purchasing an additional 830 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Bel Fuse by 4.8% in the 4th quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker's stock valued at $949,000 after purchasing an additional 523 shares during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BELFB has been the subject of several recent analyst reports. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target for the company. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reduced their price target on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $102.50.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $75.52 on Tuesday. The stock has a fifty day moving average price of $71.54 and a 200 day moving average price of $77.76. The stock has a market cap of $956.61 million, a PE ratio of 23.09, a P/E/G ratio of 1.24 and a beta of 1.50. Bel Fuse Inc. has a 1 year low of $58.00 and a 1 year high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. Sell-side analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.32%. Bel Fuse's dividend payout ratio is presently 8.14%.

Bel Fuse 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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