Bessemer Group Inc. Has $27.18 Million Holdings in Bel Fuse Inc. $BELFB

Bessemer Group Inc. cut its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 33.6% in the first quarter, HoldingsChannel reports. The fund owned 137,318 shares of the electronics maker’s stock after selling 69,594 shares during the period. Bessemer Group Inc.’s holdings in Bel Fuse were worth $27,185,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $2,739,000. Oliver Luxxe Assets LLC acquired a new position in Bel Fuse during the 4th quarter worth $1,376,000. Tema Etfs LLC lifted its holdings in Bel Fuse by 70.0% during the 4th quarter. Tema Etfs LLC now owns 89,918 shares of the electronics maker’s stock worth $15,253,000 after buying an additional 37,022 shares in the last quarter. Phocas Financial Corp. bought a new position in Bel Fuse in the 4th quarter valued at $3,917,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in Bel Fuse in the 4th quarter valued at $843,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BELFB has been the subject of a number of recent research reports. Robert W. Baird set a $293.00 target price on Bel Fuse in a research report on Friday, May 1st. Zacks Research cut Bel Fuse from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Needham & Company LLC raised their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America began coverage on Bel Fuse in a research report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.50.

Bel Fuse Price Performance

BELFB opened at $270.56 on Friday. The company has a fifty day moving average price of $280.50 and a two-hundred day moving average price of $240.21. 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 52 week low of $99.88 and a 52 week high of $335.29. The firm has a market capitalization of $3.44 billion, a PE ratio of 61.63, a P/E/G ratio of 2.97 and a beta of 1.68.

Bel Fuse Announces Dividend

The business 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 is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

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.