JPMorgan Chase & Co. trimmed its holdings in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,062 shares of the electronics maker's stock after selling 9,325 shares during the period. JPMorgan Chase & Co. owned 0.17% of Bel Fuse worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Bel Fuse by 319.5% during the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker's stock worth $1,257,000 after purchasing an additional 12,192 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth $371,000. Hodges Capital Management Inc. boosted its stake in Bel Fuse by 38.1% in the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock valued at $8,630,000 after buying an additional 28,860 shares in the last quarter. American Century Companies Inc. boosted its stake in Bel Fuse by 10.6% in the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock valued at $29,009,000 after buying an additional 33,768 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Bel Fuse by 2.2% in the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker's stock valued at $22,716,000 after buying an additional 6,250 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.
Wall Street Analysts Forecast Growth
BELFB has been the topic of several research analyst reports. StockNews.com lowered Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC reduced their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $102.50.
View Our Latest Stock Analysis on Bel Fuse
Bel Fuse Stock Down 3.7 %
Bel Fuse stock traded down $2.51 during mid-day trading on Wednesday, reaching $65.77. The stock had a trading volume of 110,487 shares, compared to its average volume of 79,560. The stock's 50-day simple moving average is $73.87 and its 200-day simple moving average is $78.48. Bel Fuse Inc. has a fifty-two week low of $57.20 and a fifty-two week high of $92.61. The firm has a market capitalization of $824.69 million, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating 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 company had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. On average, sell-side analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.
Bel Fuse Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. Bel Fuse's dividend payout ratio (DPR) is presently 8.14%.
Bel Fuse Profile
(
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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