Perritt Capital Management Inc Has $1.48 Million Position in Bel Fuse Inc. (NASDAQ:BELFB)

Perritt Capital Management Inc trimmed its position in Bel Fuse Inc. (NASDAQ:BELFB) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,883 shares of the electronics maker’s stock after selling 1,148 shares during the period. Bel Fuse makes up approximately 0.8% of Perritt Capital Management Inc’s investment portfolio, making the stock its 24th biggest holding. Perritt Capital Management Inc’s holdings in Bel Fuse were worth $1,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Bel Fuse by 0.9% during the fourth 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. Paragon Associates & Paragon Associates II Joint Venture grew its holdings in shares of Bel Fuse by 7.9% in the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker’s stock valued at $5,608,000 after buying an additional 5,000 shares during the period. Franklin Resources Inc. increased its position in shares of Bel Fuse by 106.1% in the 4th quarter. Franklin Resources Inc. now owns 10,876 shares of the electronics maker’s stock valued at $897,000 after buying an additional 5,600 shares in the last quarter. NEOS Investment Management LLC bought a new stake in shares of Bel Fuse in the 4th quarter valued at $752,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the 4th quarter worth $148,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Down 1.4 %

NASDAQ:BELFB opened at $73.83 on Wednesday. The stock has a 50-day simple moving average of $79.86 and a 200 day simple moving average of $80.06. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The company has a market cap of $925.75 million, a PE ratio of 22.58, a PEG ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

Bel Fuse (NASDAQ:BELFB) last released its quarterly 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). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The firm had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same period last year, the company earned $1.29 EPS. On average, sell-side analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given 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%.

Analysts Set New Price Targets

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