Wells Fargo & Company MN Increases Position in Bel Fuse Inc. (NASDAQ:BELFB)

Wells Fargo & Company MN increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,840 shares of the electronics maker’s stock after purchasing an additional 1,339 shares during the quarter. Wells Fargo & Company MN owned approximately 0.05% of Bel Fuse worth $564,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in Bel Fuse by 10.6% in the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock valued at $29,009,000 after buying an additional 33,768 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bel Fuse by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock worth $24,088,000 after buying an additional 2,722 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after acquiring an additional 28,860 shares during the period. Paragon Associates & Paragon Associates II Joint Venture raised its stake in Bel Fuse by 7.9% in the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker’s stock worth $5,608,000 after acquiring an additional 5,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Bel Fuse by 10.1% during the 3rd 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 during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

BELFB opened at $68.61 on Friday. The company has a market cap of $860.30 million, a price-to-earnings ratio of 20.98, a PEG ratio of 1.24 and a beta of 1.12. The firm’s fifty day simple moving average is $72.82 and its two-hundred day simple moving average is $78.16. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 52-week low of $57.73 and a 52-week high of $92.61.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The firm had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $147.93 million. Equities analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is 8.14%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BELFB. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Craig Hallum assumed coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Needham & Company LLC decreased their target price on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $102.50.

About Bel Fuse

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.