Voya Investment Management LLC Sells 391 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Voya Investment Management LLC decreased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,776 shares of the electronics maker’s stock after selling 391 shares during the quarter. Voya Investment Management LLC’s holdings in Bel Fuse were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of Bel Fuse by 10.6% in the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after purchasing an additional 33,768 shares during the last quarter. Advisory Research Inc. raised its holdings in Bel Fuse by 27.4% in the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after buying an additional 67,460 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Bel Fuse by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock worth $24,088,000 after buying an additional 2,722 shares in the last quarter. Portolan Capital Management LLC lifted its stake in shares of Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after buying an additional 87,612 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in shares of Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after buying an additional 28,860 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BELFB. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Needham & Company LLC dropped their price objective on Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse presently has an average rating of “Buy” and an average price target of $102.50.

Bel Fuse Trading Down 1.5%

Shares of BELFB stock opened at $72.70 on Monday. 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 Inc. has a 12-month low of $58.00 and a 12-month high of $92.61. The stock has a market capitalization of $920.89 million, a P/E ratio of 22.23, a P/E/G ratio of 1.24 and a beta of 1.50. The firm’s 50 day moving average is $71.68 and its 200 day moving average is $77.72.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The firm had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. Research analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.33%. Bel Fuse’s payout ratio is 8.14%.

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.