Tectonic Advisors LLC Sells 3,095 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Tectonic Advisors LLC trimmed its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 16.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,477 shares of the electronics maker's stock after selling 3,095 shares during the quarter. Tectonic Advisors LLC owned approximately 0.12% of Bel Fuse worth $1,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BELFB. NEOS Investment Management LLC bought a new stake in Bel Fuse during the 4th quarter worth approximately $752,000. GAMMA Investing LLC grew its holdings in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock worth $347,000 after acquiring an additional 4,574 shares during the last quarter. Paragon Associates & Paragon Associates II Joint Venture grew its holdings in Bel Fuse by 7.9% during the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock worth $5,608,000 after acquiring an additional 5,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bel Fuse by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock worth $1,670,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Bel Fuse during the 4th quarter worth approximately $305,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 0.4%

Shares of BELFB stock traded up $0.37 during mid-day trading on Friday, reaching $101.69. 79,930 shares of the company's stock traded hands, compared to its average volume of 90,210. Bel Fuse Inc. has a 12 month low of $58.00 and a 12 month high of $105.35. The company has a market cap of $1.29 billion, a P/E ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.51. 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 price is $86.38 and its 200-day moving average price is $79.75.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Cuts Dividend

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

Insider Activity at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the sale, the vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BELFB. Craig Hallum began coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price on the stock. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird began coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 target price on the stock. Northland Securities increased their target price 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, 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. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $106.60.

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.