Allspring Global Investments Holdings LLC Buys Shares of 2,905 Bel Fuse Inc. $BELFA

Allspring Global Investments Holdings LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,905 shares of the scientific and technical instruments company’s stock, valued at approximately $444,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Bel Fuse by 92.2% in the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 608 shares in the last quarter. Rhumbline Advisers increased its position in Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. FNY Investment Advisers LLC increased its position in Bel Fuse by 186.7% in the third quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock worth $190,000 after buying an additional 1,066 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Bel Fuse by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after buying an additional 150 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Robert W. Baird set a $250.00 price target on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and a consensus target price of $250.00.

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $223.19 on Friday. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a 12-month low of $59.91 and a 12-month high of $227.59. The stock has a 50-day moving average price of $199.72 and a 200 day moving average price of $163.00. The stock has a market capitalization of $2.83 billion, a P/E ratio of 48.00 and a beta of 1.25.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.78. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.The firm had revenue of $175.94 million during the quarter, compared to analysts’ expectations of $172.01 million.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.16%.

Insider Activity at Bel Fuse

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter E. Gilbert sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This represents a 23.02% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.46% of the company’s stock.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.