Janney Montgomery Scott LLC Lowers Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Janney Montgomery Scott LLC reduced its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 90.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,749 shares of the electronics maker’s stock after selling 36,503 shares during the period. Janney Montgomery Scott LLC’s holdings in Bel Fuse were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BELFB. Russell Investments Group Ltd. increased its holdings in Bel Fuse by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker’s stock worth $3,185,000 after buying an additional 215 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bel Fuse by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker’s stock worth $486,000 after purchasing an additional 234 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $348,000 after acquiring an additional 249 shares during the last quarter. Sterling Capital Management LLC increased its stake in Bel Fuse by 4.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker’s stock worth $568,000 after acquiring an additional 295 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Bel Fuse by 4.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 11,506 shares of the electronics maker’s stock worth $949,000 after acquiring an additional 523 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BELFB shares. Northland Securities upped their price objective on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, June 30th. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Craig Hallum began coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price objective on the stock. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Needham & Company LLC reduced their price objective on Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $106.60.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $100.20 on Friday. Bel Fuse Inc. has a 12 month low of $58.00 and a 12 month high of $100.52. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.42 and a beta of 1.51. The stock’s 50 day moving average price is $80.09 and its 200 day moving average price is $78.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The firm had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. Equities research analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal 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 dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.24%. Bel Fuse’s dividend payout ratio is 8.14%.

Insiders Place Their Bets

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the transaction, the vice president directly owned 12,155 shares of the company’s stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.37% of the company’s stock.

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.