O Shaughnessy Asset Management LLC Lowers Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

O Shaughnessy Asset Management LLC cut its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 12.7% during the 4th quarter, Holdings Channel reports. The firm owned 24,046 shares of the electronics maker’s stock after selling 3,494 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Bel Fuse were worth $1,983,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after buying an additional 200 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Bel Fuse by 6.3% during the fourth 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 period. Rhumbline Advisers boosted its position in Bel Fuse by 2.6% in the fourth quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker’s stock worth $1,355,000 after purchasing an additional 418 shares during the last quarter. Empowered Funds LLC grew its stake in Bel Fuse by 4.8% in the 4th quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker’s stock valued at $949,000 after purchasing an additional 523 shares during the period. Finally, Tectonic Advisors LLC increased its position in shares of Bel Fuse by 4.7% during the 4th quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker’s stock valued at $1,532,000 after purchasing an additional 830 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Price Performance

BELFB opened at $60.82 on Friday. The firm has a 50-day moving average price of $79.00 and a 200-day moving average price of $79.87. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve 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 company has a market capitalization of $762.62 million, a price-to-earnings ratio of 18.60, a PEG ratio of 1.24 and a beta of 1.12.

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

Bel Fuse Announces Dividend

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 dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.46%. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BELFB shares. Oppenheimer began coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC raised their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Craig Hallum began coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and a consensus target price of $103.75.

Bel Fuse 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.