Bel Fuse Inc. (NASDAQ:BELFB) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,134 shares of the electronics maker’s stock after selling 752 shares during the period. Quadrature Capital Ltd’s holdings in Bel Fuse were worth $914,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BELFB. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in shares of Bel Fuse during the first quarter valued at approximately $3,619,000. Roubaix Capital LLC purchased a new stake in shares of Bel Fuse during the first quarter worth about $2,803,000. Russell Investments Group Ltd. acquired a new position in shares of Bel Fuse in the first quarter worth about $1,532,000. PFG Advisors lifted its stake in shares of Bel Fuse by 20.7% in the first quarter. PFG Advisors now owns 7,804 shares of the electronics maker’s stock worth $471,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Bel Fuse by 8.2% in the first quarter. Empowered Funds LLC now owns 18,560 shares of the electronics maker’s stock valued at $1,119,000 after purchasing an additional 1,400 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BELFB shares. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC upped their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. Finally, Northland Securities downgraded Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research note on Thursday, May 2nd.

Bel Fuse Stock Performance

BELFB stock traded up $2.11 during trading on Friday, hitting $75.05. 121,638 shares of the company’s stock traded hands, compared to its average volume of 89,795. The stock has a fifty day moving average price of $66.87 and a two-hundred day moving average price of $63.32. The company has a quick ratio of 2.70, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $75.63. The stock has a market capitalization of $947.13 million, a price-to-earnings ratio of 12.63 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, equities analysts anticipate that Bel Fuse Inc. will post 4.39 EPS for the current fiscal year.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.