Two Sigma Advisers LP Trims Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Two Sigma Advisers LP lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 28.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,277 shares of the electronics maker’s stock after selling 2,838 shares during the quarter. Two Sigma Advisers LP owned about 0.06% of Bel Fuse worth $600,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BELFB. SG Americas Securities LLC lifted its position in shares of Bel Fuse by 45.0% during the 4th 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. Tectonic Advisors LLC raised its position in Bel Fuse by 4.7% in the 4th quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker’s stock valued at $1,532,000 after purchasing an additional 830 shares during the last quarter. Empowered Funds LLC raised its position in Bel Fuse by 4.8% in the 4th quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker’s stock valued at $949,000 after purchasing an additional 523 shares during the last quarter. Legato Capital Management LLC raised its position in Bel Fuse by 46.5% in the 4th quarter. Legato Capital Management LLC now owns 26,982 shares of the electronics maker’s stock valued at $2,225,000 after purchasing an additional 8,560 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Bel Fuse by 2.6% in the 4th quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker’s stock valued at $1,355,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB opened at $73.23 on Wednesday. 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 stock has a market capitalization of $927.60 million, a P/E ratio of 22.39, a P/E/G ratio of 1.24 and a beta of 1.50. The company’s fifty day moving average is $70.91 and its two-hundred day moving average is $77.37. Bel Fuse Inc. has a 1 year low of $58.00 and a 1 year high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. On average, sell-side analysts predict 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 paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.33%. Bel Fuse’s dividend payout ratio is currently 8.14%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Craig Hallum assumed coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target for the company. One 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, Bel Fuse currently has a consensus rating of “Buy” and a consensus 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.