Squarepoint Ops LLC Sells 18,269 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Squarepoint Ops LLC decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 71.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,402 shares of the electronics maker's stock after selling 18,269 shares during the quarter. Squarepoint Ops LLC owned about 0.06% of Bel Fuse worth $610,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $148,000. ProShare Advisors LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $240,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $298,000. SG Americas Securities LLC grew its position in shares of Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after buying an additional 1,146 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $305,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Stock Up 0.5%

BELFB stock traded up $0.40 during midday trading on Thursday, reaching $74.11. 144,856 shares of the company's stock traded hands, compared to its average volume of 78,763. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The company has a market cap of $938.75 million, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.24 and a beta of 1.50. The firm's fifty day moving average price is $70.90 and its 200-day moving average price is $77.34. Bel Fuse Inc. has a 52 week low of $58.00 and a 52 week high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $147.93 million. As a group, 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 announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. Bel Fuse's payout ratio is 8.14%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Craig Hallum assumed coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target for the company. Finally, 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. One 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's stock. Based on data from MarketBeat, Bel Fuse has an average rating of "Buy" and an average price target of $102.50.

Bel Fuse Company 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.