Fisher Asset Management LLC Makes New $42.68 Million Investment in Bel Fuse Inc. $BELFB

Fisher Asset Management LLC acquired a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 251,608 shares of the electronics maker’s stock, valued at approximately $42,680,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFB. Arrowstreet Capital Limited Partnership bought a new position in Bel Fuse during the third quarter worth $14,537,000. Thrivent Financial for Lutherans boosted its position in Bel Fuse by 66.8% during the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock worth $34,584,000 after purchasing an additional 98,178 shares during the period. Wasatch Advisors LP boosted its position in Bel Fuse by 33.6% during the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after purchasing an additional 71,390 shares during the period. Portolan Capital Management LLC boosted its position in Bel Fuse by 97.9% during the third quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock worth $17,453,000 after purchasing an additional 61,240 shares during the period. Finally, Invesco Ltd. boosted its position in Bel Fuse by 27.1% during the third quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker’s stock worth $24,620,000 after purchasing an additional 37,175 shares during the period. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on BELFB shares. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research report on Monday, May 4th. Robert W. Baird set a $293.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Needham & Company LLC boosted 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.25.

Bel Fuse Trading Up 2.3%

Shares of Bel Fuse stock opened at $276.25 on Wednesday. The firm has a 50-day moving average of $243.91 and a 200-day moving average of $207.79. The stock has a market cap of $3.51 billion, a PE ratio of 62.93, a PEG ratio of 2.69 and a beta of 1.75. Bel Fuse Inc. has a 52-week low of $70.87 and a 52-week high of $308.27. 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 Dividend Announcement

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