North Star Investment Management Corp. Boosts Position in Bel Fuse Inc. $BELFB

North Star Investment Management Corp. grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 2,181.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,550 shares of the electronics maker’s stock after buying an additional 12,000 shares during the period. North Star Investment Management Corp.’s holdings in Bel Fuse were worth $2,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Bel Fuse in the 4th quarter worth approximately $33,000. Erste Asset Management GmbH purchased a new stake in Bel Fuse in the 4th quarter worth approximately $83,000. Clearstead Advisors LLC boosted its holdings in Bel Fuse by 195.0% in the 4th quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 390 shares during the period. Finally, NBC Securities Inc. bought a new position in Bel Fuse in the 4th quarter valued at $107,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BELFB. Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a report on Friday, May 1st. Northland Securities set a $321.00 price objective on Bel Fuse in a research report on Monday, May 4th. Oppenheimer restated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. assumed coverage on Bel Fuse in a report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.80.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $310.64 on Monday. Bel Fuse Inc. has a 52-week low of $92.30 and a 52-week high of $314.65. The company has a fifty day moving average of $277.28 and a 200-day moving average of $229.48. The company has a market capitalization of $3.95 billion, a P/E ratio of 70.76, a P/E/G ratio of 3.05 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18.

Bel Fuse Announces Dividend

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

Bel Fuse Profile

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.