Arrowstreet Capital Limited Partnership Has $6.53 Million Stock Position in Bel Fuse Inc. $BELFB

Key Points

• Arrowstreet Capital cut its Bel Fuse position by 66% in the first quarter, selling 64,139 shares and retaining 32,977 shares worth approximately $6.53 million. Institutional investors and hedge funds collectively own 58.39% of the company.
• Analyst sentiment remains broadly positive, with seven Buy ratings, one Hold and one Sell. Bel Fuse has a “Moderate Buy” consensus rating and an average price target of $324, with recent targets ranging from $315 to $380.
• Bel Fuse shares opened at $271.97, while the stock’s 52-week range is $123.14 to $335.29. The company has a $3.46 billion market capitalization and a current price-to-earnings ratio of 65.69.

Arrowstreet Capital Limited Partnership lowered its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 66.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,977 shares of the electronics maker's stock after selling 64,139 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.26% of Bel Fuse worth $6,529,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. State of Wyoming bought a new stake in Bel Fuse in the first quarter worth approximately $30,000. Kemnay Advisory Services Inc. bought a new stake in Bel Fuse in the fourth quarter worth approximately $33,000. KBC Group NV acquired a new position in shares of Bel Fuse during the 1st quarter worth $38,000. Finally, Signature Equity Partners LLC acquired a new position in shares of Bel Fuse during the 1st quarter worth $39,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BELFB has been the topic of a number of recent research reports. Northland Securities set a $326.00 price target on shares of Bel Fuse in a report on Friday. Oppenheimer reiterated an "outperform" rating and issued a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. 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 target price on the stock. Zacks Research lowered Bel Fuse from a "hold" rating to a "strong sell" rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. boosted their price target on Bel Fuse from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $324.00.

Bel Fuse Price Performance

Bel Fuse stock opened at $271.97 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.48 and a quick ratio of 3.20. Bel Fuse Inc. has a fifty-two week low of $123.14 and a fifty-two week high of $335.29. The firm has a fifty day moving average price of $280.31 and a two-hundred day moving average price of $246.98. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 65.69, a P/E/G ratio of 2.82 and a beta of 1.72.

Bel Fuse 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.

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