Bel Fuse Inc. $BELFB Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 6.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 58,028 shares of the electronics maker’s stock after purchasing an additional 3,630 shares during the period. First Trust Advisors LP’s holdings in Bel Fuse were worth $11,488,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 355,563 shares during the period. Fisher Asset Management LLC acquired a new position in Bel Fuse in the 4th quarter valued at about $42,680,000. Wasatch Advisors LP raised its stake in Bel Fuse by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after acquiring an additional 174,969 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position 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 acquiring an additional 161,736 shares during the period. Finally, JPMorgan Chase & Co. lifted its position 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 acquiring an additional 133,446 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 7.3%

Bel Fuse stock opened at $271.97 on Friday. The stock’s 50 day moving average price is $280.31 and its 200 day moving average price is $246.57. Bel Fuse Inc. has a 1-year low of $123.14 and a 1-year high of $335.29. The company has a market cap of $3.46 billion, a PE ratio of 65.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.48 and a quick ratio of 1.73.

Analyst Ratings Changes

BELFB has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a report on Friday, May 1st. Needham & Company LLC lifted their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research cut shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Northland Securities set a $326.00 price objective on shares of Bel Fuse in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus target price of $324.00.

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.