SG Americas Securities LLC Acquires 12,966 Shares of Bel Fuse Inc. $BELFB

SG Americas Securities LLC grew its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 277.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned about 0.14% of Bel Fuse worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after purchasing an additional 355,563 shares during the period. Janus Henderson Group PLC boosted its stake in Bel Fuse by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock worth $105,016,000 after purchasing an additional 99,834 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after buying an additional 161,736 shares in the last quarter. Wasatch Advisors LP grew its holdings in Bel Fuse by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after buying an additional 174,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bel Fuse by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock valued at $45,460,000 after buying an additional 2,803 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Northland Securities set a $321.00 price target on shares of Bel Fuse in a research note on Monday, May 4th. Needham & Company LLC raised their price objective on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. began coverage on Bel Fuse in a report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 target price on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.80.

Bel Fuse Trading Up 5.5%

Shares of BELFB opened at $333.04 on Wednesday. The stock has a market capitalization of $4.24 billion, a PE ratio of 75.86, a P/E/G ratio of 3.10 and a beta of 1.70. The company’s fifty day moving average is $280.33 and its 200 day 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 fifty-two week low of $95.45 and a fifty-two week high of $335.29.

Bel Fuse Dividend Announcement

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