Boston Partners Has $3.25 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Boston Partners lowered its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,408 shares of the electronics maker’s stock after selling 498 shares during the period. Boston Partners’ holdings in Bel Fuse were worth $3,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BELFB. Geode Capital Management LLC boosted its stake in shares of Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after buying an additional 6,250 shares during the period. Janus Henderson Group PLC increased its position in Bel Fuse by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after purchasing an additional 25,607 shares during the last quarter. Portolan Capital Management LLC raised its stake in shares of Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after purchasing an additional 66,621 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bel Fuse by 15.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock valued at $8,934,000 after buying an additional 15,296 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in Bel Fuse by 38.1% in 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. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of analyst reports. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer started coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Needham & Company LLC boosted their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $100.00.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $73.55 on Friday. 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 firm has a fifty day simple moving average of $80.36 and a 200-day simple moving average of $79.35. The stock has a market capitalization of $922.24 million, a price-to-earnings ratio of 22.49, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61.

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 analysts’ consensus estimates of $0.96 by ($1.10). The firm had revenue of $149.86 million for the quarter, compared to analyst estimates 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 EPS. On average, sell-side analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 8.56%.

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.