Intech Investment Management LLC Buys Shares of 4,504 Bel Fuse Inc. (NASDAQ:BELFB)

Intech Investment Management LLC bought a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,504 shares of the electronics maker's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BELFB. Geode Capital Management LLC raised its holdings in Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker's stock worth $22,716,000 after acquiring an additional 6,250 shares during the period. Janus Henderson Group PLC grew its position in shares of Bel Fuse by 11.1% in 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 last quarter. Portolan Capital Management LLC increased its stake in shares of Bel Fuse by 122.8% in the third 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 during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker's stock worth $8,934,000 after purchasing an additional 15,296 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in Bel Fuse by 38.1% during the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock valued at $8,630,000 after purchasing an additional 28,860 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

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Wall Street Analysts Forecast Growth

BELFB has been the topic of several recent analyst reports. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Needham & Company LLC boosted their target price 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. Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price target for the company. Finally, Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday. They issued a "buy" rating and a $115.00 price target on the stock. One 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $103.75.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB traded down $3.10 during trading hours on Friday, reaching $74.20. The stock had a trading volume of 92,954 shares, compared to its average volume of 78,789. The company has a market cap of $930.39 million, a price-to-earnings ratio of 22.69, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve month high of $92.61. The business's fifty day moving average is $80.13 and its two-hundred day moving average is $79.88. 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 (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (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 business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the prior year, the company posted $1.29 EPS. As a group, research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

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