Royce & Associates LP Trims Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Royce & Associates LP lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 436,656 shares of the electronics maker’s stock after selling 5,731 shares during the quarter. Royce & Associates LP owned approximately 3.48% of Bel Fuse worth $34,282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BELFB. Victory Capital Management Inc. raised its holdings in Bel Fuse by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after acquiring an additional 8,442 shares during the last quarter. Summit Global Investments acquired a new position in Bel Fuse in the 3rd quarter valued at $479,000. Janney Montgomery Scott LLC raised its holdings in Bel Fuse by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 41,059 shares of the electronics maker’s stock valued at $3,224,000 after acquiring an additional 1,029 shares during the last quarter. Roubaix Capital LLC raised its holdings in Bel Fuse by 16.4% in the 3rd quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock valued at $5,056,000 after acquiring an additional 9,069 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in Bel Fuse by 168.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock valued at $2,880,000 after acquiring an additional 22,995 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $76.17 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a 50-day moving average of $77.20 and a two-hundred day moving average of $69.64. The stock has a market cap of $955.93 million, a P/E ratio of 17.47 and a beta of 1.35. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $85.91.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. Bel Fuse’s payout ratio is 6.42%.

Analyst Ratings Changes

BELFB has been the subject of a number of research analyst reports. Needham & Company LLC upped their price objective on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st.

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.