First Trust Advisors LP Buys 3,630 Shares of Bel Fuse Inc. $BELFB

First Trust Advisors LP raised its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 58,028 shares of the electronics maker’s stock after purchasing an additional 3,630 shares during the period. First Trust Advisors LP owned 0.46% of Bel Fuse worth $11,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new stake in shares of Bel Fuse during the 3rd quarter worth $2,739,000. Phocas Financial Corp. purchased a new stake in Bel Fuse during the 4th quarter worth about $3,917,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Bel Fuse during the 4th quarter worth about $843,000. Wasatch Advisors LP boosted its position in shares of Bel Fuse by 16.6% during the 1st quarter. Wasatch Advisors LP now owns 478,709 shares of the electronics maker’s stock worth $94,775,000 after acquiring an additional 68,222 shares in the last quarter. Finally, Rothschild Wealth LLC purchased a new position in shares of Bel Fuse in the 4th quarter valued at about $2,383,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research lowered Bel Fuse from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Northland Securities set a $326.00 price target on shares of Bel Fuse in a research note on Friday. Bank of America started coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective on the stock. B. Riley Financial initiated coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating for the company. Finally, Needham & Company LLC upped their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Stock Up 7.3%

Bel Fuse stock opened at $271.97 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of 65.69, a PEG ratio of 2.63 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 4.48. Bel Fuse Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $335.29. The stock has a 50-day simple moving average of $280.31 and a 200-day simple moving average of $246.57.

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.