Ballast Asset Management LP Has $5.64 Million Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Ballast Asset Management LP cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,334 shares of the electronics maker’s stock after selling 2,400 shares during the period. Bel Fuse makes up approximately 2.9% of Ballast Asset Management LP’s investment portfolio, making the stock its 8th largest holding. Ballast Asset Management LP’s holdings in Bel Fuse were worth $5,636,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective on the stock. Finally, Needham & Company LLC raised their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.75.

Bel Fuse Trading Up 0.9 %

BELFB opened at $74.86 on Tuesday. The company’s 50 day moving average is $80.03 and its 200-day moving average is $80.03. The company has a market cap of $938.67 million, a P/E ratio of 22.89, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year 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.

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

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. Bel Fuse’s payout ratio is 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.