Isthmus Partners LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Isthmus Partners LLC purchased a new stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 59,204 shares of the electronics maker's stock, valued at approximately $39,000. Isthmus Partners LLC owned 0.47% of Bel Fuse as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GW&K Investment Management LLC acquired a new stake in shares of Bel Fuse in the 4th quarter worth $12,537,000. Ophir Asset Management Pty Ltd purchased a new position in shares of Bel Fuse during the 4th quarter worth approximately $6,572,000. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in shares of Bel Fuse in the 1st quarter valued at approximately $3,619,000. Hodges Capital Management Inc. acquired a new position in Bel Fuse during the second quarter worth $3,346,000. Finally, Roubaix Capital LLC purchased a new position in Bel Fuse in the first quarter worth $2,803,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BELFB shares. StockNews.com upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st. Northland Capmk raised Bel Fuse from a "hold" rating to a "strong-buy" rating in a report on Thursday. Northland Securities upgraded Bel Fuse from a "market perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Thursday. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

Bel Fuse Trading Down 2.9 %

BELFB stock traded down $1.89 during trading on Friday, reaching $63.32. 35,948 shares of the stock traded hands, compared to its average volume of 97,008. The firm has a market capitalization of $799.10 million, a PE ratio of 10.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The business's 50 day moving average price is $66.42 and its 200-day moving average price is $62.91. Bel Fuse Inc. has a 52-week low of $39.13 and a 52-week high of $76.09.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to analysts' expectations of $130.27 million. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, sell-side analysts forecast that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.44%. Bel Fuse's payout ratio is currently 4.71%.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.