Jefferies Financial Group Inc. Invests $319,000 in Bel Fuse Inc. $BELFB

Jefferies Financial Group Inc. purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,883 shares of the electronics maker’s stock, valued at approximately $319,000.

Several other hedge funds have also recently modified their holdings of BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after purchasing an additional 240 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after purchasing an additional 116 shares during the period. Rhumbline Advisers lifted its position in shares of Bel Fuse by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 383 shares during the period. Sei Investments Co. purchased a new stake in Bel Fuse during the second quarter valued at approximately $312,000. Finally, The Manufacturers Life Insurance Company lifted its position in Bel Fuse by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $274.52 on Monday. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. Bel Fuse Inc. has a 12-month low of $70.87 and a 12-month high of $308.27. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.63 and a beta of 1.70. The firm’s 50 day simple moving average is $248.14 and its two-hundred day simple moving average is $210.20.

Bel Fuse Announces Dividend

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

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of analyst reports. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research report on Monday, May 4th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Needham & Company LLC increased their target price 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. Robert W. Baird set a $293.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Finally, Oppenheimer reissued an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

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.