Bel Fuse Inc. (NASDAQ:BELFB) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in Bel Fuse Inc. (NASDAQ:BELFB) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,503 shares of the electronics maker’s stock after acquiring an additional 12,307 shares during the period. Northern Trust Corp owned approximately 0.92% of Bel Fuse worth $9,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Bel Fuse during the fourth quarter worth $148,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Bel Fuse during the fourth quarter worth $298,000. SG Americas Securities LLC lifted its stake in shares of Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after buying an additional 1,146 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Bel Fuse by 17.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker’s stock worth $331,000 after buying an additional 608 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock worth $348,000 after buying an additional 249 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BELFB has been the subject of several research reports. Needham & Company LLC lowered their price objective 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. Craig Hallum assumed coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price for the company. Finally, StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $102.50.

Bel Fuse Stock Down 1.9%

BELFB opened at $76.19 on Friday. Bel Fuse Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The company has a fifty day moving average of $71.57 and a two-hundred day moving average of $77.73. The stock has a market capitalization of $965.10 million, a price-to-earnings ratio of 23.30, a PEG ratio of 1.24 and a beta of 1.50.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The company had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $147.93 million. On average, research analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. Bel Fuse’s payout ratio is 8.14%.

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.