1 week Ago By ABMN Staff
Legal & General Group Plc lessened its stake in shares of Bel Fuse Inc. ( NASDAQ:BELFB – Free Report ) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 11,236 shares of the electronics maker’s stock after selling 2,248 shares during the period. Legal & General Group Plc owned about 0.09% of Bel Fuse worth $927,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of BELFB. American Century Companies Inc. raised its holdings in Bel Fuse by 10.
6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after acquiring an additional 33,768 shares in the last quarter.
Hodges Capital Management Inc. raised its stake in Bel Fuse by 38.1% in the fourth quarter.
Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after buying an additional 28,860 shares during the period. Barclays PLC raised its stake in Bel Fuse by 319.
5% in the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after buying an additional 12,192 shares during the period. Navellier & Associates Inc.
raised its stake in Bel Fuse by 68.0% in the fourth quarter. Navellier & Associates Inc.
now owns 23,415 shares of the electronics maker’s stock valued at $1,931,000 after buying an additional 9,478 shares during the period. Finally, NEOS Investment Management LLC bought a new stake in Bel Fuse in the fourth quarter valued at approximately $752,000. Institutional investors own 58.
39% of the company’s stock. Analysts Set New Price Targets BELFB has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Bel Fuse from $95.
00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th.
They issued a “buy” rating and a $115.00 price objective on the stock. Finally, StockNews.
com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.
com, Bel Fuse currently has an average rating of “Buy” and a consensus price target of $103.75. Bel Fuse Price Performance Bel Fuse stock opened at $71.
21 on Monday. Bel Fuse Inc. has a 12 month low of $57.
12 and a 12 month high of $92.61. The stock’s 50 day moving average is $74.
45 and its 200-day moving average is $78.65. The company has a current ratio of 2.
92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.
The company has a market capitalization of $892.90 million, a price-to-earnings ratio of 21.78, a PEG ratio of 1.
24 and a beta of 1.12. Bel Fuse ( NASDAQ:BELFB – Get Free Report ) last posted its earnings results on Thursday, April 24th.
The electronics maker reported $1.35 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 the consensus estimate of $147.
93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.
66%. Equities research analysts expect that Bel Fuse Inc. will post 4.
63 EPS for the current year. Bel Fuse Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.
07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.
39%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 8.
14%. Bel Fuse Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding BELFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bel Fuse Inc. ( NASDAQ:BELFB – Free Report ).
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