Royce & Associates LP Sells 108,262 Shares of Bel Fuse Inc. $BELFB

Royce & Associates LP cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 54.1% during the 4th quarter, HoldingsChannel reports. The firm owned 92,035 shares of the electronics maker’s stock after selling 108,262 shares during the period. Royce & Associates LP’s holdings in Bel Fuse were worth $15,612,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after purchasing an additional 240 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after purchasing an additional 116 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Bel Fuse by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 383 shares during the last quarter. Sei Investments Co. bought a new stake in Bel Fuse during the 2nd quarter worth approximately $312,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Bel Fuse by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock worth $386,000 after acquiring an additional 337 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BELFB shares. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Wall Street Zen lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Northland Securities set a $321.00 target price on shares of Bel Fuse in a report on Monday, May 4th. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $307.25.

Bel Fuse Stock Performance

BELFB opened at $276.25 on Wednesday. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $243.91 and its two-hundred day moving average price is $207.79. Bel Fuse Inc. has a 1-year low of $70.87 and a 1-year high of $308.27. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 62.93, a PEG ratio of 2.69 and a beta of 1.75.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 6.38%.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.