2,068 Shares in Bel Fuse Inc. $BELFB Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,068 shares of the electronics maker’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after buying an additional 228 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Bel Fuse in the 2nd quarter worth $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock worth $222,000 after acquiring an additional 854 shares in the last quarter. Aristides Capital LLC acquired a new position in Bel Fuse during the first quarter worth $225,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Bel Fuse by 33.3% in the second quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker’s stock valued at $234,000 after purchasing an additional 600 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BELFB has been the subject of several research analyst reports. Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Zacks Research raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Northland Securities set a $188.00 price target on Bel Fuse in a research report on Friday, October 31st. Finally, Needham & Company LLC increased their price objective on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $161.53 on Monday. The business’s 50 day moving average price is $146.71 and its 200 day moving average price is $114.98. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $161.66.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. Bel Fuse’s payout ratio is presently 5.38%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.