Perritt Capital Management Inc Has $1.40 Million Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Perritt Capital Management Inc cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 29.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,430 shares of the electronics maker’s stock after selling 9,064 shares during the quarter. Bel Fuse accounts for about 0.8% of Perritt Capital Management Inc’s investment portfolio, making the stock its 22nd largest holding. Perritt Capital Management Inc’s holdings in Bel Fuse were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of Bel Fuse in the fourth quarter worth $1,061,000. Russell Investments Group Ltd. purchased a new stake in shares of Bel Fuse during the 1st quarter worth about $1,532,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Bel Fuse during the 1st quarter worth about $760,000. Charles Schwab Investment Management Inc. grew its stake in shares of Bel Fuse by 26.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after buying an additional 21,047 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Bel Fuse in the 1st quarter valued at approximately $407,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BELFB shares. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Securities raised shares of Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, September 5th. Finally, Needham & Company LLC upped their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $66.06 on Thursday. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $66.40 and a 200-day simple moving average of $63.01. The stock has a market capitalization of $833.68 million, a price-to-earnings ratio of 11.12 and a beta of 1.34. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $76.09.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter last year, the firm posted $1.95 EPS. On average, sell-side analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.42%. Bel Fuse’s payout ratio is 4.71%.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.