Investors Asset Management of Georgia Inc. GA ADV Sells 768 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Investors Asset Management of Georgia Inc. GA ADV trimmed its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,000 shares of the electronics maker’s stock after selling 768 shares during the quarter. Bel Fuse makes up 2.1% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 9th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Bel Fuse were worth $4,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of BELFB. BNP Paribas Financial Markets grew its holdings in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Bel Fuse during the third quarter valued at $288,000. SG Americas Securities LLC grew its holdings in shares of Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after buying an additional 1,146 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Bel Fuse by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after buying an additional 249 shares in the last quarter. Finally, Summit Global Investments purchased a new position in shares of Bel Fuse during the third quarter valued at $479,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $84.51 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse Inc. has a fifty-two week low of $45.74 and a fifty-two week high of $92.61. The stock’s 50-day moving average is $81.81 and its two-hundred day moving average is $77.17. The firm has a market cap of $1.06 billion, a P/E ratio of 25.84, a PEG ratio of 0.97 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The company had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 12.41% and a net margin of 7.66%. During the same quarter last year, the company posted $1.29 EPS. Analysts predict that Bel Fuse Inc. will post 5.65 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 dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BELFB shares. Needham & Company LLC lifted their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $100.00.

Insider Transactions at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at $644,246.90. This represents a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.37% of the stock is currently owned by corporate insiders.

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.