AXQ Capital LP Buys Shares of 2,210 Bel Fuse Inc. $BELFB

AXQ Capital LP purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,210 shares of the electronics maker’s stock, valued at approximately $312,000.

Other institutional investors have also modified their holdings of the company. Semanteon Capital Management LP acquired a new stake in shares of Bel Fuse in the 3rd quarter worth about $564,000. NEOS Investment Management LLC grew its position in Bel Fuse by 2.3% in the 3rd quarter. NEOS Investment Management LLC now owns 52,896 shares of the electronics maker’s stock worth $7,459,000 after purchasing an additional 1,179 shares during the last quarter. Templeton & Phillips Capital Management LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $203,000. Navellier & Associates Inc. acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $466,000. Finally, Savant Capital LLC bought a new stake in shares of Bel Fuse during the third quarter valued at approximately $208,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Up 0.1%

Shares of BELFB stock opened at $234.67 on Thursday. The stock has a 50-day simple moving average of $201.88 and a 200 day simple moving average of $166.66. The stock has a market capitalization of $2.97 billion, a P/E ratio of 47.79, a P/E/G ratio of 2.49 and a beta of 1.56. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $248.61. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 5.70%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BELFB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Robert W. Baird set a $170.00 price target on Bel Fuse in a research note on Friday, October 31st. Zacks Research lowered Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Northland Securities set a $266.00 price objective on shares of Bel Fuse in a report on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $196.20.

Insider Activity

In other news, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.37% of the stock is owned by corporate insiders.

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.