ProShare Advisors LLC Buys New Shares in Bel Fuse Inc. (NASDAQ:BELFB)

ProShare Advisors LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,912 shares of the electronics maker’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse during the fourth quarter worth approximately $148,000. Integrated Quantitative Investments LLC acquired a new position in Bel Fuse during the fourth quarter worth approximately $298,000. SG Americas Securities LLC increased its position in 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 last quarter. Millennium Management LLC acquired a new position in Bel Fuse during the fourth quarter worth approximately $305,000. Finally, Price T Rowe Associates Inc. MD increased its position in 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 last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Down 1.0%

Shares of NASDAQ:BELFB opened at $72.79 on Friday. Bel Fuse Inc. has a 12-month low of $58.00 and a 12-month high of $92.61. The stock has a market cap of $922.03 million, a PE ratio of 22.26, a P/E/G ratio of 1.24 and a beta of 1.50. The business has a 50 day moving average of $71.11 and a 200-day moving average of $77.41. 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 (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 company had revenue of $152.24 million during 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, equities research analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 8.14%.

Analyst Ratings Changes

BELFB has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC reduced their price objective on Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a report on Monday, April 28th. Finally, Craig Hallum started 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. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bel Fuse presently has an average rating of “Buy” and an average target price 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.