Perritt Capital Management Inc Sells 1,148 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Perritt Capital Management Inc trimmed its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,883 shares of the electronics maker’s stock after selling 1,148 shares during the period. Bel Fuse makes up about 0.8% of Perritt Capital Management Inc’s investment portfolio, making the stock its 24th biggest position. Perritt Capital Management Inc owned 0.14% of Bel Fuse worth $1,475,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Bel Fuse by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock worth $24,088,000 after buying an additional 2,722 shares during the period. Paragon Associates & Paragon Associates II Joint Venture raised its stake in Bel Fuse by 7.9% during the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker’s stock worth $5,608,000 after acquiring an additional 5,000 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Bel Fuse by 106.1% during the fourth quarter. Franklin Resources Inc. now owns 10,876 shares of the electronics maker’s stock valued at $897,000 after acquiring an additional 5,600 shares during the period. NEOS Investment Management LLC acquired a new stake in shares of Bel Fuse in the 4th quarter valued at $752,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Bel Fuse in the 4th quarter worth about $148,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

BELFB stock opened at $73.83 on Wednesday. The company has a 50 day moving average price of $79.86 and a 200 day moving average price of $80.06. Bel Fuse Inc. has a fifty-two week low of $53.74 and a fifty-two week high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The stock has a market capitalization of $925.75 million, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12.

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 the consensus estimate 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 in the previous year, the firm earned $1.29 EPS. Analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BELFB shares. Oppenheimer began coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC boosted their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. One investment 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. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and a consensus 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.