Herald Investment Management Ltd Invests $1.97 Million in Bel Fuse Inc. (NASDAQ:BELFB)

Herald Investment Management Ltd purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,000 shares of the electronics maker's stock, valued at approximately $1,973,000. Herald Investment Management Ltd owned approximately 0.19% of Bel Fuse at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse in the fourth quarter valued at approximately $148,000. Integrated Quantitative Investments LLC acquired a new position in shares of Bel Fuse during the fourth quarter valued at $298,000. SG Americas Securities LLC grew its position in shares of Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after acquiring an additional 1,146 shares during the last quarter. Principal Financial Group Inc. lifted its position in 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 purchasing an additional 249 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Bel Fuse in the 4th quarter valued at about $371,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BELFB shares. StockNews.com lowered Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target for the company. Finally, Needham & Company LLC lifted 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. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $103.75.

Bel Fuse Stock Up 3.6 %

NASDAQ BELFB traded up $2.37 during trading on Wednesday, hitting $68.10. 62,669 shares of the company traded hands, compared to its average volume of 79,765. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $853.91 million, a P/E ratio of 20.83, a PEG ratio of 1.24 and a beta of 1.12. The business has a fifty day simple moving average of $75.20 and a 200 day simple moving average of $78.89. Bel Fuse Inc. has a 12 month low of $57.00 and a 12 month high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, sell-side analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.41%. Bel Fuse's dividend payout ratio is currently 8.56%.

Bel Fuse Company 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.