Bel Fuse Inc. (NASDAQ:BELFB) Stake Lessened by Gotham Asset Management LLC

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

A number of other large investors have also recently added to or reduced their stakes in BELFB. Brown Advisory Inc. purchased a new stake in shares of Bel Fuse during the fourth quarter worth about $11,807,000. Portolan Capital Management LLC grew its holdings in shares of Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock worth $17,193,000 after buying an additional 87,612 shares in the last quarter. Advisory Research Inc. grew its holdings in shares of Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock worth $25,850,000 after buying an additional 67,460 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bel Fuse by 10.6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after buying an additional 33,768 shares in the last quarter. Finally, Expect Equity LLC purchased a new stake in shares of Bel Fuse during the fourth quarter worth about $2,564,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Down 0.1%

Shares of BELFB traded down $0.05 during mid-day trading on Friday, reaching $72.48. 46,842 shares of the stock traded hands, compared to its average volume of 78,700. The firm has a market cap of $918.10 million, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.24 and a beta of 1.50. The stock has a fifty day simple moving average of $71.41 and a 200 day simple moving average of $77.64. Bel Fuse Inc. has a 12-month low of $58.00 and a 12-month high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. Sell-side analysts expect that Bel Fuse Inc. will post 4.63 EPS 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. Stockholders 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 dividend payout ratio is currently 8.14%.

Analyst Ratings Changes

BELFB has been the topic of several research analyst reports. Craig Hallum initiated coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price on the stock. Wall Street Zen cut shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC decreased their target price on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $102.50.

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.