North Star Investment Management Corp. Buys 12,000 Shares of Bel Fuse Inc. $BELFB

North Star Investment Management Corp. increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 2,181.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,550 shares of the electronics maker’s stock after buying an additional 12,000 shares during the period. North Star Investment Management Corp. owned about 0.10% of Bel Fuse worth $2,485,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Bel Fuse by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 4,260 shares of the electronics maker’s stock valued at $843,000 after acquiring an additional 173 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Bel Fuse by 16.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,074 shares of the electronics maker’s stock valued at $411,000 after acquiring an additional 290 shares during the period. Wasatch Advisors LP increased its stake in shares of Bel Fuse by 16.6% during the 1st quarter. Wasatch Advisors LP now owns 478,709 shares of the electronics maker’s stock worth $94,775,000 after purchasing an additional 68,222 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Bel Fuse by 277.3% during the 1st quarter. SG Americas Securities LLC now owns 17,642 shares of the electronics maker’s stock worth $3,493,000 after purchasing an additional 12,966 shares during the last quarter. Finally, Evolve Private Wealth LLC raised its holdings in shares of Bel Fuse by 10.6% in the 1st quarter. Evolve Private Wealth LLC now owns 4,095 shares of the electronics maker’s stock worth $811,000 after purchasing an additional 392 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

BELFB opened at $310.64 on Monday. The company has a 50 day moving average of $277.28 and a 200 day moving average of $229.48. The company has a market cap of $3.95 billion, a PE ratio of 70.76, a price-to-earnings-growth ratio of 3.05 and a beta of 1.70. Bel Fuse Inc. has a 12 month low of $92.30 and a 12 month high of $314.65. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BELFB. Oppenheimer reiterated an “outperform” rating and issued a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Needham & Company LLC boosted their target price on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. initiated coverage on Bel Fuse in a research note on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 target price on the stock. Northland Securities set a $321.00 price target on Bel Fuse in a research report on Monday, May 4th. Finally, Robert W. Baird set a $293.00 price target on Bel Fuse in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average 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.