Bel Fuse Inc. (NASDAQ:BELFB) Position Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,104 shares of the electronics maker’s stock after selling 10,685 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Bel Fuse were worth $8,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Portolan Capital Management LLC lifted its position in Bel Fuse by 122.8% in the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after purchasing an additional 66,621 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Bel Fuse by 38.1% during the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after acquiring an additional 28,860 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock valued at $20,109,000 after acquiring an additional 25,607 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Bel Fuse during the 3rd quarter valued at $1,677,000. Finally, Dean Investment Associates LLC lifted its position in shares of Bel Fuse by 49.6% during the 3rd quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 15,588 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Price Performance

BELFB opened at $73.55 on Monday. The stock has a fifty day moving average of $80.36 and a 200-day moving average of $79.56. The firm has a market capitalization of $922.24 million, a P/E ratio of 22.49, a PEG 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 quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last released 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 business had revenue of $149.86 million during 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 company earned $1.29 EPS. Equities analysts forecast that Bel Fuse Inc. will post 4.63 EPS 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BELFB shares. Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Oppenheimer began 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. 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, Bel Fuse has a consensus rating of “Buy” and a consensus price target 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.