Fisher Asset Management LLC Has $1.65 Million Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Fisher Asset Management LLC lessened its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,014 shares of the electronics maker’s stock after selling 1,352 shares during the quarter. Fisher Asset Management LLC owned 0.16% of Bel Fuse worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFB. Barclays PLC raised its position in shares of Bel Fuse by 319.5% during the third 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 during the period. Victory Capital Management Inc. raised its holdings in Bel Fuse by 26.5% during the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after buying an additional 8,442 shares during the period. Hodges Capital Management Inc. lifted 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. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Bel Fuse by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock worth $2,386,000 after acquiring an additional 2,793 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

Shares of BELFB opened at $80.00 on Thursday. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.24 and a beta of 1.28. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The firm has a fifty day simple moving average of $81.41 and a 200 day simple moving average of $78.55. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the prior year, the company earned $1.29 earnings per share. Research analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Analyst Ratings Changes

Several equities research analysts recently commented on BELFB shares. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Oppenheimer assumed coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Bel Fuse has an average rating of “Buy” and a consensus price target of $100.00.

Bel Fuse Company Profile

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.