Bel Fuse Inc. (NASDAQ:BELFB) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,409 shares of the electronics maker’s stock after selling 217 shares during the quarter. Isthmus Partners LLC’s holdings in Bel Fuse were worth $3,910,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of BELFB. BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse during the third quarter worth $288,000. SG Americas Securities LLC boosted its position in Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after purchasing an additional 1,146 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of Bel Fuse in the third quarter valued at $479,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price for the company. Needham & Company LLC raised their price objective 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. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $100.00.

Bel Fuse Trading Up 1.9 %

NASDAQ:BELFB opened at $80.80 on Monday. The business’s 50-day moving average is $81.30 and its two-hundred day moving average is $78.85. The firm has a market capitalization of $1.01 billion, a PE ratio of 24.71, a price-to-earnings-growth 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 debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFB) last announced its 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). The company had revenue of $149.86 million for 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 previous year, the business posted $1.29 earnings per share. Research analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s payout ratio is currently 8.56%.

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.