Congruence Capital LLC Takes $414,000 Position in Bel Fuse Inc. $BELFA

Congruence Capital LLC acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,726 shares of the scientific and technical instruments company’s stock, valued at approximately $414,000.

Several other large investors have also made changes to their positions in BELFA. Rhumbline Advisers lifted its stake in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after purchasing an additional 767 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Bel Fuse by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after purchasing an additional 150 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after purchasing an additional 6,408 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Performance

BELFA opened at $261.32 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The firm has a fifty day moving average price of $237.49 and a 200 day moving average price of $198.43. The stock has a market cap of $3.32 billion, a P/E ratio of 62.97 and a beta of 1.38. Bel Fuse Inc. has a 1 year low of $76.92 and a 1 year high of $276.20.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The company had revenue of $178.49 million during the quarter, compared to analysts’ expectations of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Bel Fuse Announces Dividend

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 dividend of $0.06 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 5.78%.

Analysts Set New Price Targets

Several research firms recently issued reports on BELFA. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $250.00.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.