Should You Hold Bel Fuse (BELFB) for the Long Term?

Liberty Park Capital Management, LLC, a financial management company, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. Liberty Park Fund rose 14.60%, net of fees, in the second quarter compared to the Russell 2000 Index’s 5.18% return. Both the Liberty Park funds delivered excellent results in the quarter. The increase in the fund’s long positions contributed 15.28% on a weight-adjusted basis, while the increase in shorts detracted 0.96% on a weight-adjusted basis. Liberty Park Select Opportunities, LP’s value returned 19.46% net of fees in the second quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Liberty Park Capital highlighted stocks like Bel Fuse Inc. (NASDAQ:BELFB) in the second quarter 2023 investor letter. Headquartered in Jersey City, New Jersey, Bel Fuse Inc. (NASDAQ:BELFB) engages in the design, manufacturing, and marketing of products used to power, protect, and connect electronic circuits. On September 28, 2023, Bel Fuse Inc. (NASDAQ:BELFB) stock closed at $47.95 per share. One-month return of Bel Fuse Inc. (NASDAQ:BELFB) was -8.16%, and its shares gained 89.90% of their value over the last 52 weeks. Bel Fuse Inc. (NASDAQ:BELFB) has a market capitalization of $611.9 million.

Liberty Park Capital made the following comment about Bel Fuse Inc. (NASDAQ:BELFB) in its Q2 2023 investor letter:

Bel Fuse Inc. (NASDAQ:BELFB) reported accelerating revenue growth and record EBITDA margins for 1Q:23. The stock continues to trade at a fraction of the multiple of comparable companies despite its dramatic fundamental outperformance over the past 12 months. We expect the disconnect to narrow as the results of the turnaround are proven to be durable.

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Bel Fuse Inc. (NASDAQ:BELFB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held Bel Fuse Inc. (NASDAQ:BELFB) at the end of second quarter which was 17 in the previous quarter.

We discussed Bel Fuse Inc. (NASDAQ:BELFB) in another article and shared the list of best big data stocks to buy. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.