Brown Advisory Inc. Trims Stock Holdings in Bel Fuse Inc. $BELFA

Brown Advisory Inc. decreased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 6.3% during the second quarter, HoldingsChannel reports. The fund owned 159,933 shares of the scientific and technical instruments company’s stock after selling 10,809 shares during the quarter. Brown Advisory Inc.’s holdings in Bel Fuse were worth $14,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BELFA. Rhumbline Advisers boosted its holdings in shares of Bel Fuse by 17.7% in the second quarter. Rhumbline Advisers now owns 3,075 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 462 shares during the period. FNY Investment Advisers LLC purchased a new stake in Bel Fuse during the 2nd quarter worth about $51,000. Cynosure Group LLC lifted its holdings in Bel Fuse by 23.2% during the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock worth $476,000 after purchasing an additional 1,000 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Bel Fuse in the 2nd quarter worth about $330,000. Finally, Makaira Partners LLC purchased a new position in Bel Fuse during the 1st quarter valued at about $288,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $145.15 on Monday. The stock has a market cap of $1.84 billion, a P/E ratio of 29.44 and a beta of 1.21. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $127.17 and its two-hundred day moving average price is $108.77. Bel Fuse Inc. has a twelve month low of $53.95 and a twelve month high of $146.59.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.40 by $0.59. The company had revenue of $178.98 million during the quarter, compared to analyst estimates of $171.69 million. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse’s dividend payout ratio is presently 4.87%.

Insiders Place Their Bets

In related news, VP Joseph Berry sold 408 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the transaction, the vice president directly owned 17,893 shares in the company, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the transaction, the vice president directly owned 8,319 shares in the company, valued at approximately $1,199,849.37. This represents a 18.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,027 shares of company stock worth $435,034 in the last three months. Insiders own 5.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bel Fuse in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of “Buy” and a consensus target price of $115.00.

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.