Jane Street Group LLC Has $1.35 Million Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Jane Street Group LLC raised its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 52.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,331 shares of the electronics maker’s stock after purchasing an additional 5,641 shares during the period. Jane Street Group LLC owned approximately 0.13% of Bel Fuse worth $1,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFB. KLP Kapitalforvaltning AS bought a new stake in Bel Fuse in the 4th quarter worth about $148,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Bel Fuse during the fourth quarter valued at approximately $298,000. SG Americas Securities LLC boosted its position in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after purchasing an additional 1,146 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Bel Fuse by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker’s stock worth $331,000 after purchasing an additional 608 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares during the period. 58.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BELFB shares. Needham & Company LLC reduced their price target on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Craig Hallum assumed coverage on Bel Fuse in a report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price objective for the company. Finally, StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $102.50.

Bel Fuse Trading Down 0.9%

Shares of BELFB stock opened at $75.52 on Tuesday. The stock has a market capitalization of $956.61 million, a price-to-earnings ratio of 23.09, a PEG ratio of 1.24 and a beta of 1.50. The company’s fifty day simple moving average is $71.54 and its two-hundred day simple moving average is $77.76. Bel Fuse Inc. has a 1 year low of $58.00 and a 1 year high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

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

Bel Fuse Cuts Dividend

The company 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 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is presently 8.14%.

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.