Bel Fuse Inc. (NASDAQ:BELFB) Stock Position Decreased by Boston Partners

Boston Partners lowered its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,408 shares of the electronics maker’s stock after selling 498 shares during the period. Boston Partners owned about 0.31% of Bel Fuse worth $3,250,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Portolan Capital Management LLC increased its holdings in shares of Bel Fuse by 122.8% in the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after acquiring an additional 66,621 shares during the period. Hodges Capital Management Inc. raised 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. Janus Henderson Group PLC raised its holdings in shares of Bel Fuse by 11.1% during the third quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock valued at $20,109,000 after buying an additional 25,607 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Bel Fuse during the third quarter worth approximately $1,677,000. Finally, Dean Investment Associates LLC increased its position in Bel Fuse by 49.6% in 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 period. 58.39% of the stock is owned by institutional investors.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $73.55 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $80.36 and its 200 day moving average price is $79.35. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The firm has a market cap 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 (NASDAQ:BELFB) last released its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) 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 the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, sell-side analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC boosted their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.