Koss Olinger Consulting LLC lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB – Free Report) by 27.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,010 shares of the electronics maker’s stock after selling 1,906 shares during the period. Koss Olinger Consulting LLC’s holdings in Bel Fuse were worth $992,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after purchasing an additional 355,563 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Bel Fuse during the fourth quarter valued at approximately $42,680,000. Wasatch Advisors LP raised its stake in Bel Fuse by 74.3% during the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after buying an additional 174,969 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after buying an additional 161,736 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 1,345.9% during the 4th quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock worth $24,318,000 after buying an additional 133,446 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on BELFB. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target for the company. Needham & Company LLC raised their price objective on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Zacks Research lowered shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Citigroup assumed coverage on shares of Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $321.50.
Bel Fuse Stock Performance
Shares of NASDAQ BELFB opened at $270.56 on Monday. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $280.50 and its two-hundred day moving average price is $240.67. Bel Fuse Inc. has a 52-week low of $99.88 and a 52-week high of $335.29. The stock has a market capitalization of $3.44 billion, a P/E ratio of 61.63, a P/E/G ratio of 2.81 and a beta of 1.68.
Bel Fuse Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 6.38%.
Bel Fuse 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.
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