Royce & Associates LP Has $15.61 Million Position in Bel Fuse Inc. $BELFB

Royce & Associates LP lowered its position in Bel Fuse Inc. (NASDAQ:BELFB) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,035 shares of the electronics maker’s stock after selling 108,262 shares during the quarter. Royce & Associates LP owned approximately 0.73% of Bel Fuse worth $15,612,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Wasatch Advisors LP lifted its stake in shares of Bel Fuse by 33.6% during the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after buying an additional 71,390 shares during the last quarter. Fisher Asset Management LLC bought a new position in Bel Fuse during the fourth quarter worth about $42,680,000. Thrivent Financial for Lutherans raised its position in shares of Bel Fuse by 66.8% in the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after buying an additional 98,178 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Bel Fuse by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 206,912 shares of the electronics maker’s stock valued at $35,098,000 after buying an additional 637 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Bel Fuse by 27.1% in the third quarter. Invesco Ltd. now owns 174,583 shares of the electronics maker’s stock valued at $24,620,000 after buying an additional 37,175 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Northland Securities set a $321.00 price target on shares of Bel Fuse in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Needham & Company LLC lifted their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Bel Fuse Price Performance

BELFB stock opened at $276.25 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. Bel Fuse Inc. has a 12 month low of $70.87 and a 12 month high of $308.27. The firm has a market cap of $3.51 billion, a P/E ratio of 62.93, a P/E/G ratio of 2.69 and a beta of 1.75. The company’s 50-day moving average price is $243.91 and its two-hundred day moving average price is $207.79.

Bel Fuse Dividend Announcement

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

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.