Bel Fuse Inc. (NASDAQ:BELFB) Shares Sold by Tectonic Advisors LLC

Tectonic Advisors LLC lowered its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,477 shares of the electronics maker's stock after selling 3,095 shares during the period. Tectonic Advisors LLC owned about 0.12% of Bel Fuse worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BELFB. Intech Investment Management LLC acquired a new stake in Bel Fuse in the 4th quarter valued at approximately $371,000. Summit Global Investments raised its holdings in Bel Fuse by 34.7% during the fourth quarter. Summit Global Investments now owns 8,209 shares of the electronics maker's stock valued at $677,000 after buying an additional 2,114 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Bel Fuse by 10.6% in the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after purchasing an additional 33,768 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Bel Fuse in the fourth quarter worth about $148,000. Finally, NEOS Investment Management LLC acquired a new stake in Bel Fuse during the fourth quarter worth about $752,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Insider Activity at Bel Fuse

In related 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 transaction of $336,120.00. Following the transaction, the vice president owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.37% of the stock is owned by insiders.

Bel Fuse Stock Up 0.4%

BELFB stock traded up $0.37 during trading on Friday, reaching $101.69. The stock had a trading volume of 79,930 shares, compared to its average volume of 90,210. Bel Fuse Inc. has a one year low of $58.00 and a one year high of $105.35. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $86.38 and its two-hundred day moving average is $79.73. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.51.

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, beating analysts' consensus estimates of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. Equities research analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is 8.14%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BELFB. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective for the company. Needham & Company LLC lowered their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Northland Securities increased their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Finally, Robert W. Baird assumed 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 for the company. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $106.60.

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.