Templeton & Phillips Capital Management LLC Sells 170 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Templeton & Phillips Capital Management LLC decreased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,526 shares of the electronics maker’s stock after selling 170 shares during the quarter. Bel Fuse comprises 0.8% of Templeton & Phillips Capital Management LLC’s holdings, making the stock its 22nd largest holding. Templeton & Phillips Capital Management LLC’s holdings in Bel Fuse were worth $1,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Bel Fuse during the 4th quarter valued at $148,000. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Bel Fuse during the 3rd quarter valued at about $288,000. SG Americas Securities LLC boosted its holdings in Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after acquiring an additional 1,146 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 249 shares during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Down 1.8 %

Shares of BELFB stock opened at $73.55 on Monday. Bel Fuse Inc. has a 12-month low of $53.74 and a 12-month high of $92.61. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average price is $80.36 and its 200-day moving average price is $79.56. The stock has a market capitalization of $922.24 million, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12.

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

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued 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 yield of 0.38%. Bel Fuse’s dividend payout ratio is currently 8.56%.

Analyst Upgrades and Downgrades

BELFB has been the subject of several research analyst reports. Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $100.00.

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.