AXQ Capital LP Takes $312,000 Position in Bel Fuse Inc. $BELFB

AXQ Capital LP bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 2,210 shares of the electronics maker’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Semanteon Capital Management LP acquired a new position in Bel Fuse during the third quarter valued at approximately $564,000. NEOS Investment Management LLC lifted its holdings in shares of Bel Fuse by 2.3% during the 3rd quarter. NEOS Investment Management LLC now owns 52,896 shares of the electronics maker’s stock valued at $7,459,000 after acquiring an additional 1,179 shares in the last quarter. Templeton & Phillips Capital Management LLC acquired a new position in shares of Bel Fuse during the 3rd quarter valued at $203,000. Navellier & Associates Inc. purchased a new stake in Bel Fuse during the 3rd quarter worth $466,000. Finally, Savant Capital LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Up 0.1%

BELFB opened at $234.67 on Thursday. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $248.61. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The stock has a market capitalization of $2.97 billion, a PE ratio of 47.79, a P/E/G ratio of 2.49 and a beta of 1.56. The firm’s fifty day moving average price is $201.88 and its 200 day moving average price is $166.66.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s payout ratio is currently 5.70%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Needham & Company LLC boosted their price objective on Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Robert W. Baird set a $170.00 price target on Bel Fuse in a research report on Friday, October 31st. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Finally, Northland Securities set a $266.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Bel Fuse currently has an average rating of “Moderate Buy” and a consensus target price of $196.20.

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the sale, the director owned 15,047 shares in the company, valued at $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.37% of the stock is owned by insiders.

About Bel Fuse

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.