UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.67 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 26.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,254 shares of the electronics maker’s stock after buying an additional 4,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Bel Fuse worth $1,670,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse during the fourth quarter worth about $148,000. ProShare Advisors LLC bought a new stake in shares of Bel Fuse during the 4th quarter valued at approximately $240,000. Integrated Quantitative Investments LLC acquired a new position in Bel Fuse during the 4th quarter worth approximately $298,000. Millennium Management LLC bought a new position in Bel Fuse in the 4th quarter valued at approximately $305,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Bel Fuse by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,003 shares of the electronics maker’s stock valued at $331,000 after purchasing an additional 608 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Stock Up 3.5%

Shares of NASDAQ:BELFB opened at $76.68 on Monday. The firm has a market cap of $971.31 million, a P/E ratio of 23.45, a P/E/G ratio of 1.24 and a beta of 1.45. 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 12-month low of $58.00 and a 12-month high of $92.61. The business has a fifty day simple moving average of $70.94 and a 200 day simple moving average of $77.39.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating 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 company had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $147.93 million. 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 declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.14%.

Analyst Ratings Changes

BELFB has been the subject of several research analyst reports. Craig Hallum initiated coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target for the company. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC dropped their target price on Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bel Fuse currently has an average rating of “Buy” and a consensus price target of $102.50.

Bel Fuse 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.