Wasatch Advisors LP Acquires 68,222 Shares of Bel Fuse Inc. $BELFB

Wasatch Advisors LP grew its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,709 shares of the electronics maker’s stock after buying an additional 68,222 shares during the quarter. Wasatch Advisors LP owned 3.78% of Bel Fuse worth $94,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Bel Fuse by 277.3% in the 1st quarter. SG Americas Securities LLC now owns 17,642 shares of the electronics maker’s stock worth $3,493,000 after acquiring an additional 12,966 shares during the last quarter. Evolve Private Wealth LLC boosted its stake in Bel Fuse by 10.6% during the 1st quarter. Evolve Private Wealth LLC now owns 4,095 shares of the electronics maker’s stock valued at $811,000 after purchasing an additional 392 shares during the last quarter. ARS Investment Partners LLC bought a new stake in Bel Fuse during the 1st quarter worth approximately $286,000. T. Rowe Price Investment Management Inc. increased its holdings 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 purchasing an additional 161,736 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of Bel Fuse by 28.8% in the fourth quarter. Voloridge Investment Management LLC now owns 40,583 shares of the electronics maker’s stock worth $6,884,000 after purchasing an additional 9,085 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Trading Up 0.1%

NASDAQ BELFB opened at $310.64 on Friday. The business’s fifty day moving average is $277.28 and its 200-day moving average is $229.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 70.76, a PEG ratio of 3.05 and a beta of 1.70. Bel Fuse Inc. has a one year low of $92.30 and a one year high of $314.65.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is currently 6.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BELFB shares. Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Needham & Company LLC increased their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a research note on Wednesday, June 10th. They set an “overweight” rating and a $370.00 price objective on the stock. Finally, Northland Securities set a $321.00 price objective on shares of Bel Fuse in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and an average price target of $319.80.

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.