Rothschild Wealth LLC Takes $2.38 Million Position in Bel Fuse Inc. $BELFB

Rothschild Wealth LLC bought a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFBFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,051 shares of the electronics maker’s stock, valued at approximately $2,383,000.

A number of other institutional investors have also recently modified their holdings of BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 acquiring an additional 240 shares during the period. JPMorgan Chase & Co. grew its position 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 acquiring an additional 116 shares during the period. Rhumbline Advisers grew its position 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 acquiring an additional 383 shares during the period. Sei Investments Co. acquired a new stake in shares of Bel Fuse during the 2nd quarter valued at about $312,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of 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 valued at $386,000 after acquiring an additional 337 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BELFB has been the topic of a number of analyst reports. Northland Securities set a $321.00 target price on Bel Fuse in a research report on Monday, May 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Wall Street Zen lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. JPMorgan Chase & Co. initiated coverage on shares of Bel Fuse in a research note on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target on the stock. Finally, Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $319.80.

Get Our Latest Stock Report on Bel Fuse

Bel Fuse Trading Down 3.0%

BELFB opened at $293.22 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The company’s 50 day simple moving average is $265.81 and its two-hundred day simple moving average is $221.62. Bel Fuse Inc. has a 1-year low of $85.18 and a 1-year high of $308.27. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 66.79, a price-to-earnings-growth ratio of 2.97 and a beta of 1.70.

Bel Fuse Dividend Announcement

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

Bel Fuse Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BELFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bel Fuse Inc. (NASDAQ:BELFBFree Report).

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.