Bel Fuse Inc. (NASDAQ:BELFB) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,331 shares of the electronics maker's stock after purchasing an additional 5,641 shares during the period. Jane Street Group LLC owned about 0.13% of Bel Fuse worth $1,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BELFB. Northern Trust Corp lifted its stake in Bel Fuse by 11.9% in the 4th quarter. Northern Trust Corp now owns 115,503 shares of the electronics maker's stock worth $9,526,000 after purchasing an additional 12,307 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Bel Fuse by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker's stock valued at $331,000 after acquiring an additional 608 shares during the period. Herald Investment Management Ltd acquired a new position in Bel Fuse during the fourth quarter worth $1,973,000. Dean Investment Associates LLC boosted its holdings in Bel Fuse by 35.4% during the 4th quarter. Dean Investment Associates LLC now owns 63,664 shares of the electronics maker's stock valued at $5,250,000 after acquiring an additional 16,630 shares during the period. Finally, Advisory Research Inc. increased its stake in Bel Fuse by 27.4% during the 4th 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 during the period. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BELFB shares. Needham & Company LLC decreased their price target on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wall Street Zen downgraded Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Craig Hallum started coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $102.50.

Bel Fuse Price Performance

Shares of NASDAQ BELFB traded down $0.05 during trading on Friday, hitting $72.48. 46,842 shares of the company were exchanged, compared to its average volume of 78,700. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse Inc. has a 1 year low of $58.00 and a 1 year 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 firm's fifty day moving average price is $71.41 and its 200 day moving average price is $77.64.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. On average, sell-side analysts expect 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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is currently 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.