Globeflex Capital L P Takes Position in Bel Fuse Inc. $BELFB

Globeflex Capital L P purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,533 shares of the electronics maker’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. State of Wyoming acquired a new stake in shares of Bel Fuse during the first quarter valued at $30,000. KBC Group NV acquired a new stake in shares of Bel Fuse during the 1st quarter worth about $38,000. Kemnay Advisory Services Inc. purchased a new stake in Bel Fuse in the 4th quarter worth approximately $33,000. Finally, Signature Equity Partners LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at $39,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BELFB shares. Northland Securities set a $326.00 target price on Bel Fuse in a research report on Friday, July 31st. Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Citigroup began coverage on shares of Bel Fuse in a research note on Monday, July 13th. They set a “buy” rating for the company. Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, B. Riley Financial started coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They issued a “buy” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Trading Down 2.9%

Shares of BELFB opened at $247.98 on Tuesday. Bel Fuse Inc. has a twelve month low of $129.94 and a twelve month high of $335.29. The firm has a market capitalization of $3.58 billion, a P/E ratio of 59.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.72. The stock’s fifty day simple moving average is $281.08 and its 200 day simple moving average is $255.77.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s payout ratio is currently 6.76%.

Insider Buying and Selling at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the completion of the sale, the director owned 750 shares in the company, valued at approximately $219,090. The trade was a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.37% of the stock is owned by corporate insiders.

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.