Portolan Capital Management LLC Acquires 87,612 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Portolan Capital Management LLC lifted its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 72.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,470 shares of the electronics maker's stock after purchasing an additional 87,612 shares during the quarter. Bel Fuse accounts for 1.2% of Portolan Capital Management LLC's portfolio, making the stock its 25th largest position. Portolan Capital Management LLC owned about 1.66% of Bel Fuse worth $17,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BELFB. KLP Kapitalforvaltning AS bought a new stake in Bel Fuse during the 4th quarter worth about $148,000. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 10.0% during 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 last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $298,000. SG Americas Securities LLC raised its position in Bel Fuse by 45.0% in 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. Finally, Principal Financial Group Inc. lifted its holdings in Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after buying an additional 249 shares in the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Trading Up 1.7 %

Shares of BELFB stock traded up $1.17 on Friday, reaching $70.22. The company had a trading volume of 60,098 shares, compared to its average volume of 79,328. The stock has a market cap of $880.49 million, a PE ratio of 21.47, a PEG ratio of 1.24 and a beta of 1.12. The company has a 50-day moving average of $75.83 and a 200-day moving average of $79.10. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61.

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

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given 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 0.40%. Bel Fuse's dividend payout ratio is presently 8.56%.

Analyst Ratings Changes

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

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.