Steward Partners Investment Advisory LLC Acquires 200 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Steward Partners Investment Advisory LLC increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFBFree Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,700 shares of the electronics maker’s stock after buying an additional 200 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Bel Fuse were worth $314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swiss National Bank bought a new position in Bel Fuse in the 3rd quarter valued at approximately $1,117,000. Janney Montgomery Scott LLC lifted its stake in shares of Bel Fuse by 159.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 34,555 shares of the electronics maker’s stock valued at $1,649,000 after acquiring an additional 21,240 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Bel Fuse during the 3rd quarter valued at $8,377,000. WINTON GROUP Ltd bought a new stake in Bel Fuse during the 3rd quarter worth $287,000. Finally, ClariVest Asset Management LLC increased its holdings in Bel Fuse by 11.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 14,832 shares of the electronics maker’s stock worth $708,000 after purchasing an additional 1,500 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Bel Fuse Trading Down 0.8 %

Shares of BELFB stock opened at $65.14 on Friday. The company has a market cap of $822.07 million, a P/E ratio of 10.97 and a beta of 1.39. Bel Fuse Inc. has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The stock has a 50 day simple moving average of $62.34 and a two-hundred day simple moving average of $61.87. 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:BELFBGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.22. The firm had revenue of $128.09 million during the quarter, compared to the consensus estimate of $128.47 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. Research analysts forecast that Bel Fuse Inc. will post 4.39 earnings per share for the current year.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, July 12th. This represents a $0.28 dividend on an annualized basis and a yield of 0.43%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a report on Thursday, May 2nd. Needham & Company LLC decreased 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. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Saturday, May 4th.

View Our Latest Stock Analysis on Bel Fuse

Bel Fuse Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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