Bel Fuse Inc. (NASDAQ:BELFB) Stock Position Lifted by Paragon Associates & Paragon Associates II Joint Venture

Paragon Associates & Paragon Associates II Joint Venture boosted its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,000 shares of the electronics maker’s stock after acquiring an additional 5,000 shares during the period. Bel Fuse accounts for 13.0% of Paragon Associates & Paragon Associates II Joint Venture’s holdings, making the stock its 3rd biggest position. Paragon Associates & Paragon Associates II Joint Venture owned 0.54% of Bel Fuse worth $5,608,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Bel Fuse by 319.5% in the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Bel Fuse in the 4th quarter valued at approximately $371,000. Hodges Capital Management Inc. boosted its stake in Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after purchasing an additional 28,860 shares in the last quarter. Geode Capital Management LLC grew its position in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after purchasing an additional 6,250 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Bel Fuse by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after purchasing an additional 2,793 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 0.9 %

Shares of BELFB opened at $74.86 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 52 week low of $53.74 and a 52 week high of $92.61. The stock’s 50-day moving average price is $80.03 and its 200-day moving average price is $80.03. The company has a market capitalization of $938.67 million, a price-to-earnings ratio of 22.89, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last released 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 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 analysts’ expectations of $126.41 million. During the same quarter last year, the business earned $1.29 EPS. On average, sell-side analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The firm also recently announced 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 0.37%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is 8.56%.

Wall Street Analysts Forecast Growth

BELFB has been the subject of several research reports. Oppenheimer assumed coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target on the stock. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC lifted their target price on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target 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.