Bel Fuse Inc. $BELFB Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC cut its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 27.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,010 shares of the electronics maker’s stock after selling 1,906 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Bel Fuse were worth $992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Bel Fuse by 365.6% in the fourth 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. Kemnay Advisory Services Inc. purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $33,000. Erste Asset Management GmbH purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $83,000. BNP Paribas Financial Markets lifted its position in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 375 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in Bel Fuse by 195.0% during the 4th quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock worth $100,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB opened at $270.56 on Monday. The company 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 Inc. has a one year low of $99.88 and a one year high of $335.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The stock has a 50-day moving average price of $280.50 and a 200 day moving average price of $240.67.

Bel Fuse Announces Dividend

The firm 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 dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is 6.38%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a research report on Friday, May 1st. JPMorgan Chase & Co. began 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. Citigroup assumed coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating for the company. Needham & Company LLC raised their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.50.

About Bel Fuse

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.