Allspring Global Investments Holdings LLC Has $90,000 Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Allspring Global Investments Holdings LLC lessened its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 60.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,345 shares of the electronics maker’s stock after selling 2,083 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bel Fuse were worth $90,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new stake in shares of Bel Fuse in the 3rd quarter valued at $48,000. Covestor Ltd increased its holdings in shares of Bel Fuse by 26.5% in the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 212 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Bel Fuse during the third quarter worth about $59,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Bel Fuse during the 3rd quarter valued at about $100,000. Finally, Bleakley Financial Group LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Up 2.3 %

NASDAQ BELFB opened at $59.26 on Tuesday. The stock has a market capitalization of $756.16 million, a price-to-earnings ratio of 9.98 and a beta of 1.44. Bel Fuse Inc. has a 52 week low of $39.13 and a 52 week high of $74.75. The stock’s 50 day moving average price is $57.81 and its two-hundred day moving average price is $58.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The business had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. As a group, analysts anticipate that Bel Fuse Inc. will post 4.7 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, April 12th. Bel Fuse’s dividend payout ratio is currently 4.71%.

Analyst Upgrades and Downgrades

Several analysts have commented on BELFB shares. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Friday. Needham & Company LLC cut their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Northland Securities initiated coverage on Bel Fuse in a report on Thursday, January 11th. They set an “outperform” rating and a $83.00 target price for the company.

Insider Activity

In other news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the transaction, the director now owns 7,392 shares of the company’s stock, valued at approximately $419,126.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.37% of the stock is currently owned by insiders.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.