Bel Fuse Inc. (NASDAQ:BELFB) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 26.6% in the 4th quarter, Holdings Channel reports. The firm owned 7,406 shares of the electronics maker’s stock after buying an additional 1,555 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Bel Fuse were worth $611,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new position in Bel Fuse in the 4th quarter worth about $148,000. BNP Paribas Financial Markets lifted its stake in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Bel Fuse in the third quarter worth about $288,000. Integrated Quantitative Investments LLC purchased a new position in shares of Bel Fuse in the fourth quarter worth approximately $298,000. Finally, SG Americas Securities LLC raised its holdings in shares of Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after acquiring an additional 1,146 shares during the period. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Trading Up 3.5 %

Bel Fuse stock opened at $69.10 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The company’s fifty day simple moving average is $76.96 and its 200-day simple moving average is $79.41. The stock has a market cap of $866.44 million, a P/E ratio of 21.13, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million during the quarter, compared to analysts’ expectations of $126.41 million. During the same quarter last year, the firm earned $1.29 EPS. As a group, sell-side analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 8.56%.

Analyst Ratings Changes

A number of research firms recently commented on BELFB. Craig Hallum began coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective for the company. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Needham & Company LLC upped their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report 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 objective for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $103.75.

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.