Bosun Asset Management LLC Buys 7,969 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Bosun Asset Management LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,153 shares of the electronics maker's stock after acquiring an additional 7,969 shares during the period. Bosun Asset Management LLC owned 0.16% of Bel Fuse worth $1,662,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse in the fourth quarter valued at about $11,807,000. Portolan Capital Management LLC grew its holdings in Bel Fuse by 72.5% in the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock valued at $17,193,000 after buying an additional 87,612 shares during the last quarter. Advisory Research Inc. increased its position in Bel Fuse by 27.4% in the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock worth $25,850,000 after buying an additional 67,460 shares during the period. American Century Companies Inc. lifted its holdings in shares of Bel Fuse by 10.6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after buying an additional 33,768 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock worth $8,630,000 after buying an additional 28,860 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BELFB has been the topic of several research reports. Craig Hallum began coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective on the stock. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC cut their price target on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $102.50.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $68.96 on Tuesday. Bel Fuse Inc. has a twelve month low of $58.00 and a twelve month high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm has a market cap of $864.69 million, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The firm's 50-day simple moving average is $72.53 and its 200-day simple moving average is $77.97.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. As a group, research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.35%. Bel Fuse's dividend payout ratio is currently 8.14%.

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.

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