Polen Capital Management LLC Increases Stock Position in Bel Fuse Inc. $BELFB

Polen Capital Management LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,522 shares of the electronics maker’s stock after purchasing an additional 2,983 shares during the period. Polen Capital Management LLC owned approximately 0.18% of Bel Fuse worth $3,820,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after buying an additional 240 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after acquiring an additional 116 shares during the period. Rhumbline Advisers boosted its position in Bel Fuse by 2.5% in the second quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 383 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Bel Fuse during the 2nd quarter valued at about $312,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Bel Fuse by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $296.55 on Friday. The company has a market capitalization of $3.77 billion, a P/E ratio of 67.55, a P/E/G ratio of 2.78 and a beta of 1.70. Bel Fuse Inc. has a 1-year low of $82.17 and a 1-year high of $308.27. The firm’s 50 day simple moving average is $260.27 and its two-hundred day simple moving average is $218.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BELFB shares. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer reaffirmed an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. JPMorgan Chase & Co. started coverage on shares of Bel Fuse in a research report on Wednesday. They set an “overweight” rating and a $370.00 price objective for the company. Finally, Needham & Company LLC upped their price objective on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $319.80.

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.