Thomson Horstmann & Bryant Inc. raised its position in shares of Bel Fuse, Inc. (NASDAQ:BELFB) by 23.2% during the first quarter, Holdings Channel reports. The fund owned 207,232 shares of the electronics maker’s stock after buying an additional 39,030 shares during the period. Thomson Horstmann & Bryant Inc. owned about 1.72% of Bel Fuse worth $5,294,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BELFB. Dimensional Fund Advisors LP boosted its stake in shares of Bel Fuse by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,247 shares of the electronics maker’s stock worth $23,461,000 after buying an additional 25,771 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 69.5% in the third quarter. JPMorgan Chase & Co. now owns 534,013 shares of the electronics maker’s stock worth $12,890,000 after buying an additional 218,896 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Bel Fuse by 25.6% in the fourth quarter. Renaissance Technologies LLC now owns 404,017 shares of the electronics maker’s stock worth $12,484,000 after buying an additional 82,317 shares during the last quarter. Boston Partners boosted its stake in shares of Bel Fuse by 7.6% in the third quarter. Boston Partners now owns 284,815 shares of the electronics maker’s stock worth $6,875,000 after buying an additional 20,066 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Bel Fuse by 5.8% in the fourth quarter. State Street Corp now owns 214,981 shares of the electronics maker’s stock worth $6,640,000 after buying an additional 11,858 shares during the last quarter. 57.79% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

Bel Fuse, Inc. (NASDAQ:BELFB) traded down 2.32% on Friday, hitting $23.20. 10,714 shares of the stock traded hands. The company’s 50 day moving average price is $23.95 and its 200-day moving average price is $27.71. Bel Fuse, Inc. has a 52-week low of $14.38 and a 52-week high of $33.60. The stock’s market cap is $279.00 million.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Friday, February 17th. The electronics maker reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by $0.15. Bel Fuse had a positive return on equity of 13.00% and a negative net margin of 12.73%. The business earned $118.54 million during the quarter, compared to the consensus estimate of $128.80 million. On average, analysts forecast that Bel Fuse, Inc. will post $1.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 14th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, April 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. Bel Fuse’s dividend payout ratio (DPR) is presently -5.33%.

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BELFB has been the topic of a number of analyst reports. B. Riley initiated coverage on shares of Bel Fuse in a report on Monday, January 23rd. They set a “buy” rating and a $39.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Bel Fuse in a report on Tuesday, February 21st.

About Bel Fuse

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

5 Day Chart for NASDAQ:BELFB

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