Invesco Ltd. lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 50.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,814 shares of the electronics maker's stock after selling 193,012 shares during the quarter. Invesco Ltd. owned about 1.51% of Bel Fuse worth $15,654,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Bel Fuse in the 4th quarter valued at $148,000. Integrated Quantitative Investments LLC acquired a new position in Bel Fuse in the 4th quarter valued at about $298,000. SG Americas Securities LLC lifted its position in shares of 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 purchasing an additional 1,146 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after purchasing an additional 249 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Bel Fuse in the fourth quarter valued at approximately $371,000. Hedge funds and other institutional investors own 58.39% of the company's stock.
Bel Fuse Stock Down 1.4 %
Shares of Bel Fuse stock traded down $0.96 during trading on Friday, hitting $69.20. 31,782 shares of the stock were exchanged, compared to its average volume of 79,964. 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 firm's 50-day moving average price is $74.67 and its 200 day moving average price is $78.75. The stock has a market cap of $867.71 million, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 12-month low of $57.00 and a 12-month high of $92.61.
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. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. As a group, analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.
Bel Fuse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is 8.56%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on BELFB shares. Needham & Company LLC increased their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Craig Hallum assumed coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. 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. According to data from MarketBeat, Bel Fuse has an average rating of "Buy" and an average price target of $103.75.
View Our Latest Stock Report 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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