Precision Wealth Strategies LLC Buys Shares of 9,416 Bel Fuse Inc. $BELFB

Precision Wealth Strategies LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the 1st quarter, HoldingsChannel.com reports. The firm bought 9,416 shares of the electronics maker’s stock, valued at approximately $1,864,000.

A number of other institutional investors have also recently made changes to their positions in BELFB. Farther Finance Advisors LLC increased its position in shares of Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Bel Fuse in the 4th quarter valued at $33,000. Erste Asset Management GmbH purchased a new position in Bel Fuse in the 4th quarter valued at $83,000. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 375 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its stake in Bel Fuse by 195.0% during the 4th quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock worth $100,000 after purchasing an additional 390 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Up 1.4%

Shares of NASDAQ:BELFB opened at $270.56 on Friday. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $280.50 and a two-hundred day moving average of $240.21. The stock has a market cap of $3.44 billion, a P/E ratio of 61.63, a PEG ratio of 2.97 and a beta of 1.68. Bel Fuse Inc. has a 52-week low of $99.88 and a 52-week high of $335.29.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 6.38%.

Analyst Ratings Changes

BELFB has been the subject of a number of research reports. Northland Securities set a $321.00 target price on shares of Bel Fuse in a report on Monday, May 4th. Citigroup began coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Bank of America initiated coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price target on the stock. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus target price of $321.50.

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.