Money Concepts Capital Corp Invests $327,000 in Bel Fuse Inc. $BELFB

Money Concepts Capital Corp purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,925 shares of the electronics maker’s stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss Life Asset Management Ltd bought a new position in shares of Bel Fuse during the 4th quarter worth $266,000. D Orazio & Associates Inc. bought a new position in shares of Bel Fuse during the 4th quarter worth $220,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Bel Fuse during the 4th quarter worth $509,000. Ashton Thomas Private Wealth LLC grew its stake in shares of Bel Fuse by 11.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,879 shares of the electronics maker’s stock worth $658,000 after acquiring an additional 387 shares during the period. Finally, UBS Group AG grew its stake in shares of Bel Fuse by 215.7% during the 4th quarter. UBS Group AG now owns 46,575 shares of the electronics maker’s stock worth $7,901,000 after acquiring an additional 31,820 shares during the period. Institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BELFB shares. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer reiterated an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Robert W. Baird set a $293.00 price target on Bel Fuse in a research note on Friday, May 1st. Finally, Needham & Company LLC increased their price target on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.25.

Bel Fuse Stock Up 0.7%

BELFB stock opened at $268.73 on Friday. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.42 billion, a PE ratio of 61.21, a PEG ratio of 2.66 and a beta of 1.75. Bel Fuse Inc. has a twelve month low of $69.00 and a twelve month high of $308.27. The stock has a 50-day simple moving average of $233.84 and a two-hundred day simple moving average of $201.73.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, April 15th. Bel Fuse’s payout ratio is presently 6.38%.

Insider Transactions at Bel Fuse

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares of the company’s stock, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is owned by insiders.

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.