Expect Equity LLC Purchases Shares of 31,091 Bel Fuse Inc. (NASDAQ:BELFB)

Expect Equity LLC acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 31,091 shares of the electronics maker's stock, valued at approximately $2,564,000. Bel Fuse makes up about 2.7% of Expect Equity LLC's holdings, making the stock its 12th largest position. Expect Equity LLC owned 0.25% of Bel Fuse at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brown Advisory Inc. purchased a new position in Bel Fuse in the 4th quarter worth approximately $11,807,000. Portolan Capital Management LLC lifted 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 worth $17,193,000 after purchasing an additional 87,612 shares in the last quarter. Advisory Research Inc. lifted its holdings 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 purchasing an additional 67,460 shares in the last quarter. American Century Companies Inc. lifted its holdings in Bel Fuse by 10.6% in the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after purchasing an additional 33,768 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings 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. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Trading Down 1.8%

Shares of NASDAQ BELFB traded down $1.41 during trading hours on Wednesday, hitting $78.87. 29,972 shares of the company traded hands, compared to its average volume of 79,802. The stock has a market capitalization of $999.05 million, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. 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's 50 day moving average price is $71.66 and its 200 day moving average price is $77.73. Bel Fuse Inc. has a 12 month low of $58.00 and a 12 month high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. On average, equities research analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's dividend payout ratio is 8.14%.

Analyst Ratings Changes

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

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.