Janus Henderson Group PLC Grows Stake in Bel Fuse Inc. $BELFB

Janus Henderson Group PLC grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 22.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 760,141 shares of the electronics maker’s stock after purchasing an additional 140,804 shares during the quarter. Janus Henderson Group PLC owned 0.06% of Bel Fuse worth $150,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BELFB. Farther Finance Advisors LLC grew its stake 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 valued at $25,000 after buying an additional 117 shares in the last quarter. State of Wyoming acquired a new position in Bel Fuse during the 1st quarter worth approximately $30,000. Kemnay Advisory Services Inc. acquired a new position in Bel Fuse during the 4th quarter worth approximately $33,000. KBC Group NV purchased a new position in Bel Fuse in the 1st quarter worth approximately $38,000. Finally, Signature Equity Partners LLC acquired a new stake in Bel Fuse in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Up 7.3%

Shares of NASDAQ BELFB opened at $271.97 on Friday. The business has a 50-day moving average price of $280.31 and a two-hundred day moving average price of $246.57. Bel Fuse Inc. has a one year low of $123.14 and a one year high of $335.29. The firm has a market capitalization of $3.46 billion, a PE ratio of 65.69, a PEG ratio of 2.63 and a beta of 1.68. The company has a current ratio of 4.48, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of research firms have recently commented on BELFB. JPMorgan Chase & Co. boosted their target price on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Citigroup initiated coverage on Bel Fuse in a research note on Monday, July 13th. They set a “buy” rating on the stock. Finally, B. Riley Financial started coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating on the stock. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

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.