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

Money Concepts Capital Corp bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,925 shares of the electronics maker’s stock, valued at approximately $327,000.

A number of other institutional investors also recently modified their holdings of BELFB. Arrowstreet Capital Limited Partnership acquired a new position in shares of Bel Fuse during the third quarter worth approximately $14,537,000. Thrivent Financial for Lutherans raised its position in Bel Fuse by 66.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after buying an additional 98,178 shares during the last quarter. Wasatch Advisors LP raised its position in Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock valued at $27,745,000 after buying an additional 71,390 shares during the last quarter. Portolan Capital Management LLC raised its position in Bel Fuse by 97.9% in the 3rd quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after buying an additional 61,240 shares during the last quarter. Finally, Invesco Ltd. raised its position in Bel Fuse by 27.1% in the 3rd quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker’s stock valued at $24,620,000 after buying an additional 37,175 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bel Fuse

In other news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BELFB. Northland Securities set a $321.00 price target on Bel Fuse in a research report on Monday, May 4th. 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. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and issued a $315.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. Finally, Robert W. Baird set a $293.00 price target on Bel Fuse in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Bel Fuse Trading Up 0.7%

Shares of Bel Fuse stock opened at $268.73 on Friday. Bel Fuse Inc. has a 1 year low of $69.00 and a 1 year high of $308.27. The firm has a market cap of $3.42 billion, a PE ratio of 61.21, a P/E/G ratio of 2.66 and a beta of 1.75. The stock has a fifty day moving average price of $233.84 and a 200-day moving average price of $201.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

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.