Grandeur Peak Global Advisors LLC Boosts Holdings in Bel Fuse Inc. (NASDAQ:BELFB)

Grandeur Peak Global Advisors LLC increased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 26.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,406 shares of the electronics maker’s stock after purchasing an additional 1,555 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.06% of Bel Fuse worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse in the fourth quarter valued at $148,000. BNP Paribas Financial Markets raised its stake in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Bel Fuse during the third quarter worth about $288,000. Integrated Quantitative Investments LLC bought a new position in shares of Bel Fuse during the fourth quarter worth about $298,000. Finally, SG Americas Securities LLC grew its stake in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after purchasing an additional 1,146 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

BELFB opened at $69.10 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 business’s 50 day moving average is $76.96 and its 200-day moving average is $79.41. The stock has a market cap of $866.44 million, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve month high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business 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 quarter last year, the firm posted $1.29 EPS. On average, analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. 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 (DPR) is 8.56%.

Analyst Ratings Changes

A number of equities analysts have commented on BELFB shares. Craig Hallum assumed coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective for the company. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC lifted their target price on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Oppenheimer began coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bel Fuse has an average rating of “Buy” and an average target price of $103.75.

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.