Allspring Global Investments Holdings LLC Sells 2,083 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Allspring Global Investments Holdings LLC lowered its position in Bel Fuse Inc. (NASDAQ:BELFB) by 60.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,345 shares of the electronics maker’s stock after selling 2,083 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Bel Fuse were worth $90,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BELFB. International Assets Investment Management LLC purchased a new position in shares of Bel Fuse in the fourth quarter worth about $6,041,000. Bleakley Financial Group LLC purchased a new position in Bel Fuse in the 4th quarter worth approximately $200,000. DekaBank Deutsche Girozentrale purchased a new position in Bel Fuse in the 4th quarter worth approximately $229,000. PFG Advisors lifted its position in Bel Fuse by 24.0% in the fourth quarter. PFG Advisors now owns 6,463 shares of the electronics maker’s stock valued at $432,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in shares of Bel Fuse by 5.1% during the fourth quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock valued at $1,353,000 after purchasing an additional 976 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BELFB. Northland Securities assumed coverage on shares of Bel Fuse in a report on Thursday, January 11th. They set an “outperform” rating and a $83.00 price target for the company. Needham & Company LLC lowered their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday. Finally, StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Friday.

Bel Fuse Price Performance

BELFB opened at $59.26 on Tuesday. The stock’s 50 day moving average price is $57.81 and its 200-day moving average price is $58.82. Bel Fuse Inc. has a 52-week low of $39.13 and a 52-week high of $74.75. The stock has a market capitalization of $756.16 million, a PE ratio of 9.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The company had revenue of $140.01 million during the quarter, compared to analysts’ expectations of $152.86 million. On average, equities research analysts predict that Bel Fuse Inc. will post 4.7 EPS for the current year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.47%. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

Insider Transactions at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total value of $56,700.00. Following the sale, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.37% of the company’s stock.

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.