Janney Montgomery Scott LLC Has $281,000 Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Janney Montgomery Scott LLC decreased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 90.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,749 shares of the electronics maker's stock after selling 36,503 shares during the quarter. Janney Montgomery Scott LLC's holdings in Bel Fuse were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Bel Fuse by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock worth $3,185,000 after buying an additional 215 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bel Fuse by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after buying an additional 234 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after buying an additional 249 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Bel Fuse by 4.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker's stock worth $568,000 after buying an additional 295 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Bel Fuse by 4.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker's stock worth $949,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

BELFB has been the topic of a number of recent analyst reports. Robert W. Baird initiated coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price on the stock. Needham & Company LLC cut 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 note on Monday, April 28th. Northland Securities boosted their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Craig Hallum initiated coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective for the company. Finally, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $106.60.

Insider Transactions at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the sale, the vice president directly owned 12,155 shares of the company's stock, valued at $1,021,384.65. This represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.37% of the company's stock.

Bel Fuse Stock Down 0.8%

Bel Fuse stock traded down $0.83 during trading hours on Monday, hitting $99.27. The company had a trading volume of 197,881 shares, compared to its average volume of 87,794. The firm has a market capitalization of $1.26 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51. 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 firm's fifty day moving average is $80.70 and its 200-day moving average is $78.56. Bel Fuse Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $104.92.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. On average, research analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Bel Fuse's 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.