Bel Fuse Inc. $BELFB Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 34.8% during the second quarter, Holdings Channel reports. The fund owned 51,307 shares of the electronics maker’s stock after purchasing an additional 13,234 shares during the quarter. Boston Partners’ holdings in Bel Fuse were worth $5,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC grew its stake in Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 228 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Bel Fuse during the 2nd quarter valued at approximately $50,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bel Fuse during the second quarter worth approximately $202,000. ProShare Advisors LLC bought a new stake in shares of Bel Fuse in the second quarter worth $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bel Fuse by 40.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock valued at $222,000 after acquiring an additional 854 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

BELFB has been the subject of several recent analyst reports. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Wall Street Zen raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Needham & Company LLC boosted their price objective on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Robert W. Baird set a $170.00 target price on Bel Fuse in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $164.20.

Bel Fuse Price Performance

BELFB opened at $147.67 on Friday. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $148.14 and its 200 day moving average price is $117.25. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 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 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s dividend payout ratio is presently 5.38%.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.