Franklin Resources Inc. Boosts Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Franklin Resources Inc. increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 106.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,876 shares of the electronics maker's stock after buying an additional 5,600 shares during the quarter. Franklin Resources Inc. owned 0.09% of Bel Fuse worth $897,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the 4th quarter worth approximately $148,000. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC raised its position in Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after purchasing an additional 1,146 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Bel Fuse by 6.3% in the 4th 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 during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Bel Fuse in the fourth quarter valued at about $371,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BELFB. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Craig Hallum assumed coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $103.75.

Bel Fuse Stock Up 1.7 %

Shares of Bel Fuse stock traded up $1.17 during trading on Friday, reaching $70.22. 60,098 shares of the company traded hands, compared to its average volume of 79,328. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a market capitalization of $880.49 million, a PE ratio of 21.47, a P/E/G ratio of 1.24 and a beta of 1.12. The company has a 50 day moving average price of $75.83 and a 200-day moving average price of $79.10. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same period last year, the business posted $1.29 EPS. As a group, equities research analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio is currently 8.56%.

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.