Jefferies Financial Group Inc. Purchases New Holdings in Bel Fuse Inc. $BELFB

Jefferies Financial Group Inc. purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,883 shares of the electronics maker’s stock, valued at approximately $319,000.

Several other hedge funds also recently added to or reduced their stakes in the company. FourThought Financial Partners LLC grew its holdings in Bel Fuse by 27.4% during the 4th quarter. FourThought Financial Partners LLC now owns 1,941 shares of the electronics maker’s stock valued at $329,000 after purchasing an additional 417 shares during the last quarter. ProShare Advisors LLC boosted its position in Bel Fuse by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 1,901 shares of the electronics maker’s stock valued at $322,000 after buying an additional 123 shares during the period. Bessemer Group Inc. boosted its position in Bel Fuse by 0.3% in the 4th 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 during the period. Strategic Family Wealth Counselors L.L.C. purchased a new stake in Bel Fuse in the 4th quarter valued at about $187,000. Finally, Money Concepts Capital Corp purchased a new stake in Bel Fuse in the 4th quarter valued at about $327,000. 58.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a research report on Monday, May 4th. Needham & Company LLC boosted their price objective 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 objective 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Bel Fuse Price Performance

Shares of BELFB opened at $274.52 on Monday. The company has a 50 day moving average price of $248.14 and a 200-day moving average price of $210.20. Bel Fuse Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $308.27. The stock has a market capitalization of $3.49 billion, a PE ratio of 62.53, a PEG ratio of 2.63 and a beta of 1.70. 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 Dividend Announcement

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