SG Americas Securities LLC Grows Stock Position in Bel Fuse Inc. $BELFB

SG Americas Securities LLC increased its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 277.3% in the first quarter, Holdings Channel reports. The institutional investor owned 17,642 shares of the electronics maker’s stock after acquiring an additional 12,966 shares during the period. SG Americas Securities LLC’s holdings in Bel Fuse were worth $3,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after acquiring an additional 355,563 shares during the last quarter. Fisher Asset Management LLC bought a new position in Bel Fuse during the 4th quarter valued at about $42,680,000. Wasatch Advisors LP raised its position in Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after purchasing an additional 174,969 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Bel Fuse by 45.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after purchasing an additional 161,736 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 133,446 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $333.04 on Wednesday. The firm’s 50 day simple moving average is $280.33 and its 200-day simple moving average is $231.65. 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 Inc. has a one year low of $95.45 and a one year high of $335.29. The firm has a market cap of $4.24 billion, a PE ratio of 75.86, a price-to-earnings-growth ratio of 3.10 and a beta of 1.70.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. began coverage on Bel Fuse in a research report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 target price for the company. Oppenheimer reissued an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Northland Securities set a $321.00 price objective on Bel Fuse in a report on Monday, May 4th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $319.80.

Bel Fuse Company 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.