Expect Equity LLC Sells 4,950 Shares of Bel Fuse Inc. $BELFB

Expect Equity LLC cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,537 shares of the electronics maker’s stock after selling 4,950 shares during the period. Bel Fuse comprises approximately 3.0% of Expect Equity LLC’s portfolio, making the stock its 9th largest position. Expect Equity LLC owned 0.15% of Bel Fuse worth $3,144,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after buying an additional 79 shares during the period. PFG Advisors boosted its position in Bel Fuse by 1.3% during the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after buying an additional 84 shares during the period. Canada Pension Plan Investment Board boosted its position in Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after buying an additional 100 shares during the period. JPMorgan Chase & Co. boosted its position in Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after buying an additional 116 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after buying an additional 117 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BELFB has been the topic of several recent research reports. Oppenheimer reiterated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research report on Monday, May 4th. Needham & Company LLC lifted their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. started coverage on shares of Bel Fuse in a research report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 target price on the stock. Finally, Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $319.80.

Bel Fuse Stock Up 2.3%

Bel Fuse stock opened at $299.84 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse Inc. has a 52-week low of $86.99 and a 52-week high of $308.27. The firm has a 50 day moving average price of $267.67 and a two-hundred day moving average price of $222.65. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 68.30, a PEG ratio of 2.88 and a beta of 1.70.

Bel Fuse Dividend Announcement

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