Franklin Resources Inc. raised its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 106.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,876 shares of the electronics maker's stock after acquiring an additional 5,600 shares during the period. Franklin Resources Inc. owned approximately 0.09% of Bel Fuse worth $897,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse during the 4th quarter valued at about $148,000. BNP Paribas Financial Markets boosted its position in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC grew its holdings in Bel Fuse by 45.0% during the fourth 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 in the last quarter. Principal Financial Group Inc. raised its position 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 valued at $348,000 after buying an additional 249 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Bel Fuse during the 4th quarter valued at $371,000. Institutional investors own 58.39% of the company's stock.
Bel Fuse Stock Performance
Shares of BELFB traded up $1.17 during trading hours on Friday, hitting $70.22. The company's stock had a trading volume of 60,098 shares, compared to its average volume of 79,354. The company has a market cap of $880.49 million, a price-to-earnings ratio of 21.47, a PEG ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The business has a 50 day simple moving average of $75.83 and a two-hundred day simple moving average of $79.08. Bel Fuse Inc. has a 52-week low of $56.02 and a 52-week high of $92.61.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($1.10). The company had revenue of $149.86 million for the quarter, compared to analysts' expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period in the previous year, the firm earned $1.29 EPS. On average, equities analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.
Bel Fuse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.40%. Bel Fuse's dividend payout ratio is currently 8.56%.
Wall Street Analyst Weigh In
BELFB has been the subject of several analyst reports. StockNews.com downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Needham & Company LLC upped their target price on Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bel Fuse has a consensus rating of "Buy" and an average price target of $103.75.
Check Out Our Latest Analysis on BELFB
About Bel Fuse
(
Free Report)
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.
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