Boston Partners Has $3.19 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Boston Partners lowered its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 58.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,820 shares of the electronics maker's stock after selling 67,085 shares during the period. Boston Partners owned 0.37% of Bel Fuse worth $3,193,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Covestor Ltd lifted its position in shares of 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 purchasing an additional 212 shares in the last quarter. Toronto Dominion Bank bought a new position in Bel Fuse in the 3rd quarter valued at $48,000. Tucker Asset Management LLC acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at $59,000. AJOVista LLC acquired a new stake in shares of Bel Fuse in the 4th quarter valued at $73,000. Finally, National Bank of Canada FI bought a new stake in shares of Bel Fuse during the fourth quarter worth $78,000. 58.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BELFB shares. StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a report on Saturday, May 4th. Northland Securities lowered Bel Fuse from an "outperform" rating to a "market perform" rating and set a $63.00 price target on the stock. in a research report on Thursday, May 2nd. Finally, Needham & Company LLC dropped their price objective on Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a report on Monday, April 29th.

Insider Activity at Bel Fuse

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

Bel Fuse Stock Down 1.8 %

Shares of BELFB traded down $1.18 during mid-day trading on Friday, hitting $65.11. 91,996 shares of the company's stock were exchanged, compared to its average volume of 114,761. The company has a 50-day simple moving average of $59.28 and a 200 day simple moving average of $60.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The company has a market cap of $821.69 million, a PE ratio of 10.96 and a beta of 1.46. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $74.75.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The business had revenue of $128.09 million for the quarter, compared to the consensus estimate of $128.47 million. On average, research analysts forecast that Bel Fuse Inc. will post 4.39 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.07 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. Bel Fuse's payout ratio is 4.71%.

About Bel Fuse

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.