Navellier & Associates Inc. Grows Stock Position in Bel Fuse Inc. $BELFB

Navellier & Associates Inc. raised its position in Bel Fuse Inc. (NASDAQ:BELFB) by 227.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,951 shares of the electronics maker’s stock after buying an additional 4,825 shares during the quarter. Navellier & Associates Inc.’s holdings in Bel Fuse were worth $2,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after acquiring an additional 140,804 shares in the last quarter. Empowered Funds LLC purchased a new stake in Bel Fuse during the 1st quarter worth about $351,000. Principal Financial Group Inc. purchased a new stake in Bel Fuse during the 1st quarter worth about $2,915,000. California State Teachers Retirement System raised its stake in Bel Fuse by 37.2% in the 1st quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock valued at $2,617,000 after purchasing an additional 3,585 shares during the last quarter. Finally, Precision Wealth Strategies LLC acquired a new position in Bel Fuse in the 1st quarter valued at about $1,864,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Bank of America began coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective on the stock. Northland Securities set a $326.00 target price on shares of Bel Fuse in a research report on Friday, July 31st. Finally, Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bel Fuse presently has an average rating of “Moderate Buy” and an average price target of $324.00.

Bel Fuse Stock Performance

Bel Fuse stock opened at $248.69 on Friday. Bel Fuse Inc. has a 1 year low of $129.94 and a 1 year high of $335.29. The firm has a 50 day moving average price of $277.59 and a 200 day moving average price of $256.58. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 60.07, a PEG ratio of 2.73 and a beta of 1.72.

Bel Fuse Dividend Announcement

The business 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 dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is currently 6.76%.

Insider Activity at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of the company’s stock in a transaction on 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 directly owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.37% of the stock is currently owned by insiders.

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.