Ballast Asset Management LP Lowers Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Ballast Asset Management LP lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,334 shares of the electronics maker’s stock after selling 2,400 shares during the quarter. Bel Fuse accounts for about 2.9% of Ballast Asset Management LP’s investment portfolio, making the stock its 8th largest position. Ballast Asset Management LP owned 0.54% of Bel Fuse worth $5,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of BELFB. Portolan Capital Management LLC grew its stake in Bel Fuse by 122.8% during the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after buying an additional 66,621 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bel Fuse by 10.6% in the 4th 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. boosted its holdings in shares of Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after acquiring an additional 28,860 shares in the last quarter. Janus Henderson Group PLC grew its position in Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after acquiring an additional 25,607 shares during the last quarter. Finally, Dean Investment Associates LLC increased its holdings in Bel Fuse by 49.6% during the 3rd quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after purchasing an additional 15,588 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of BELFB stock opened at $74.86 on Tuesday. The firm has a market cap of $938.67 million, a price-to-earnings ratio of 22.89, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $80.03 and a 200 day moving average price of $80.03.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the prior year, the firm earned $1.29 EPS. Research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.37%. Bel Fuse’s dividend payout ratio is presently 8.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BELFB shares. Craig Hallum started 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. Oppenheimer began coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC upped their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $103.75.

Bel Fuse Company 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.