III Capital Management Sells 2,131 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

III Capital Management decreased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,869 shares of the electronics maker’s stock after selling 2,131 shares during the quarter. III Capital Management’s holdings in Bel Fuse were worth $319,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Portolan Capital Management LLC lifted its position in shares of Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after acquiring an additional 87,612 shares in the last quarter. Advisory Research Inc. raised its holdings in shares of Bel Fuse by 27.4% in the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock valued at $25,850,000 after purchasing an additional 67,460 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after buying an additional 33,768 shares during the last quarter. Hodges Capital Management Inc. increased its position in Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after acquiring an additional 28,860 shares during the period. Finally, Herald Investment Management Ltd purchased a new position in Bel Fuse during the fourth quarter worth about $1,973,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $71.21 on Monday. Bel Fuse Inc. has a 52 week low of $57.12 and a 52 week high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $74.45 and a 200-day moving average price of $78.65. The company has a market cap of $892.90 million, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. Equities analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Craig Hallum assumed coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC increased 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. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.