Paragon Associates & Paragon Associates II Joint Venture Has $5.61 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Paragon Associates & Paragon Associates II Joint Venture grew its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,000 shares of the electronics maker's stock after purchasing an additional 5,000 shares during the quarter. Bel Fuse comprises approximately 13.0% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 3rd largest position. Paragon Associates & Paragon Associates II Joint Venture owned approximately 0.54% of Bel Fuse worth $5,608,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after buying an additional 33,768 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker's stock valued at $22,716,000 after purchasing an additional 6,250 shares during the period. 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 purchasing an additional 25,607 shares during the period. Portolan Capital Management LLC boosted its position in shares of Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker's stock worth $9,489,000 after purchasing an additional 66,621 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker's stock valued at $8,934,000 after buying an additional 15,296 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently commented on BELFB shares. Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price target for the company. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Needham & Company LLC raised their target price on Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Craig Hallum initiated coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bel Fuse has a consensus rating of "Buy" and a consensus price target of $103.75.

Bel Fuse Price Performance

BELFB stock traded down $3.81 during mid-day trading on Friday, reaching $60.82. 160,898 shares of the company traded hands, compared to its average volume of 78,403. The company has a fifty day moving average price of $79.00 and a 200-day moving average price of $79.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The company has a market capitalization of $762.62 million, a P/E ratio of 18.60, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts' expectations 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, analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is currently 8.56%.

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.