Polen Capital Management LLC Buys 2,983 Shares of Bel Fuse Inc. $BELFB

Polen Capital Management LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 15.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,522 shares of the electronics maker’s stock after purchasing an additional 2,983 shares during the period. Polen Capital Management LLC’s holdings in Bel Fuse were worth $3,820,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BELFB. Fisher Asset Management LLC purchased a new stake in Bel Fuse in the 4th quarter worth $42,680,000. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 1,345.9% in the fourth quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock worth $24,318,000 after buying an additional 133,446 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Bel Fuse during the third quarter valued at approximately $14,537,000. Wasatch Advisors LP boosted its stake in Bel Fuse by 33.6% during the second 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. Finally, Portolan Capital Management LLC increased its stake 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 worth $17,453,000 after acquiring an additional 61,240 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Up 7.1%

NASDAQ:BELFB opened at $296.55 on Friday. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 67.55, a price-to-earnings-growth ratio of 2.78 and a beta of 1.70. Bel Fuse Inc. has a twelve month low of $82.17 and a twelve month high of $308.27. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $260.27 and a 200-day simple moving average of $218.52.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BELFB shares. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Northland Securities set a $321.00 price target on Bel Fuse in a research report on Monday, May 4th. JPMorgan Chase & Co. started coverage on shares of Bel Fuse in a research report on Wednesday. They set an “overweight” rating and a $370.00 price objective on the stock. Oppenheimer restated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Finally, Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.80.

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.