Vanguard Group Inc. Raises Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Vanguard Group Inc. boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 676,723 shares of the electronics maker's stock after buying an additional 30,752 shares during the period. Vanguard Group Inc. owned approximately 5.30% of Bel Fuse worth $32,293,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Covestor Ltd raised its holdings in Bel Fuse by 26.5% during the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock worth $48,000 after buying an additional 212 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Bel Fuse by 0.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker's stock worth $1,767,000 after acquiring an additional 250 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Bel Fuse by 0.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 42,472 shares of the electronics maker's stock worth $1,596,000 after acquiring an additional 257 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Bel Fuse by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 2,828 shares of the electronics maker's stock worth $93,000 after acquiring an additional 358 shares in the last quarter. Finally, PFG Advisors grew its stake in shares of Bel Fuse by 9.8% in the 3rd quarter. PFG Advisors now owns 5,210 shares of the electronics maker's stock worth $249,000 after acquiring an additional 467 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Price Performance

Shares of Bel Fuse stock traded down $0.48 on Friday, reaching $58.54. The stock had a trading volume of 65,534 shares, compared to its average volume of 124,313. Bel Fuse Inc. has a 1 year low of $30.11 and a 1 year high of $74.75. The company has a market cap of $746.97 million, a P/E ratio of 10.04 and a beta of 1.45. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $60.59 and its two-hundred day moving average is $57.86.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.07). The firm had revenue of $140.01 million during the quarter, compared to analysts' expectations of $152.86 million. Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. As a group, research analysts anticipate that Bel Fuse Inc. will post 4.7 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, April 12th. Bel Fuse's dividend payout ratio is currently 4.80%.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the transaction, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Bel Fuse in a research report on Thursday, January 11th. They set an "outperform" rating and a $83.00 price target for the company. StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Needham & Company LLC reduced their price target on shares of Bel Fuse from $77.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, February 23rd.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.