Bel Fuse Inc. $BELFB Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP raised its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,414 shares of the electronics maker’s stock after purchasing an additional 10,705 shares during the period. Wasatch Advisors LP’s holdings in Bel Fuse were worth $162,994,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. State of Wyoming purchased a new position in Bel Fuse in the 1st quarter valued at about $30,000. KBC Group NV purchased a new position in Bel Fuse in the 1st quarter valued at about $38,000. Kemnay Advisory Services Inc. acquired a new stake in Bel Fuse in the 4th quarter worth about $33,000. Finally, Signature Equity Partners LLC acquired a new stake in Bel Fuse in the 1st quarter worth about $39,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Ratings Changes

BELFB has been the subject of a number of research analyst reports. Northland Securities set a $326.00 target price on Bel Fuse in a report on Friday, July 31st. B. Riley Financial began coverage on Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating on the stock. Citigroup started coverage on Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.00.

Bel Fuse Trading Up 2.1%

Shares of NASDAQ BELFB opened at $290.10 on Wednesday. The stock has a market cap of $3.69 billion, a PE ratio of 70.07, a P/E/G ratio of 3.01 and a beta of 1.72. Bel Fuse Inc. has a 12-month low of $124.42 and a 12-month high of $335.29. The company has a 50-day moving average of $282.47 and a 200 day moving average of $251.48.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.07 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is 6.76%.

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.