Potrero Capital Research LLC Has $12.04 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Potrero Capital Research LLC raised its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 107.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,986 shares of the electronics maker's stock after buying an additional 75,483 shares during the period. Bel Fuse makes up about 4.0% of Potrero Capital Research LLC's investment portfolio, making the stock its 10th largest holding. Potrero Capital Research LLC owned approximately 1.16% of Bel Fuse worth $12,039,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock valued at $32,821,000 after purchasing an additional 141,951 shares during the period. American Century Companies Inc. raised its stake in Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock valued at $29,009,000 after purchasing an additional 33,768 shares during the period. Advisory Research Inc. raised its stake in Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock valued at $25,850,000 after purchasing an additional 67,460 shares during the period. Geode Capital Management LLC raised its stake in Bel Fuse by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock valued at $24,088,000 after purchasing an additional 2,722 shares during the period. Finally, Portolan Capital Management LLC raised its stake in Bel Fuse by 72.5% during the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock valued at $17,193,000 after purchasing an additional 87,612 shares during the period. Institutional investors own 58.39% of the company's stock.

Wall Street Analyst Weigh In

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

Bel Fuse Stock Down 1.9%

NASDAQ:BELFB traded down $1.50 during trading hours on Friday, reaching $76.19. The company's stock had a trading volume of 89,143 shares, compared to its average volume of 79,607. The company has a market cap of $965.10 million, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. Bel Fuse Inc. has a one year low of $58.00 and a one year high of $92.61. The business's 50-day moving average is $71.57 and its 200-day moving average is $77.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

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

Bel Fuse Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is 8.14%.

About Bel Fuse

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.