Principal Financial Group Inc. Has $348,000 Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Principal Financial Group Inc. grew its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,222 shares of the electronics maker’s stock after buying an additional 249 shares during the period. Principal Financial Group Inc.’s holdings in Bel Fuse were worth $348,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased 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 worth $172,000 after buying an additional 200 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Bel Fuse in the third quarter worth approximately $288,000. SG Americas Securities LLC increased its holdings in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after buying an additional 1,146 shares during the last quarter. Summit Global Investments acquired a new position in Bel Fuse in the third quarter worth approximately $479,000. Finally, Truvestments Capital LLC increased its holdings in Bel Fuse by 11.8% in the third quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker’s stock worth $739,000 after buying an additional 990 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Up 1.9 %

Shares of BELFB stock opened at $80.80 on Friday. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 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 cap 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. The business’s 50 day moving average is $81.30 and its two-hundred day moving average is $78.66.

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

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given 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 0.35%. Bel Fuse’s dividend payout ratio is 8.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. 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. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $100.00.

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.