Public Employees Retirement System of Ohio Makes New $2.71 Million Investment in Bel Fuse Inc. $BELFB

Key Points

• Public Employees Retirement System of Ohio purchased 8,127 Bel Fuse shares worth approximately $2.71 million, giving it about a 0.06% stake. Institutional investors collectively own 58.39% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds, producing a consensus rating of “Moderate Buy” and an average price target of $324.
• Bel Fuse shares opened at $243.79, while two directors recently sold shares. The company also declared a quarterly dividend of $0.07 per share, equivalent to a 0.1% annualized yield.

Public Employees Retirement System of Ohio purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,127 shares of the electronics maker's stock, valued at approximately $2,707,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Bel Fuse at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted 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 worth $25,000 after acquiring an additional 117 shares during the last quarter. State of Wyoming acquired a new position in Bel Fuse in the 1st quarter valued at $30,000. KBC Group NV purchased a new position in shares of Bel Fuse during the 1st quarter worth $38,000. Kemnay Advisory Services Inc. purchased a new position in shares of Bel Fuse during the 4th quarter worth $33,000. Finally, Signature Equity Partners LLC acquired a new stake in shares of Bel Fuse during the first quarter worth $39,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on BELFB shares. Citigroup started coverage on Bel Fuse in a report on Monday, July 13th. They issued a "buy" rating for the company. Zacks Research upgraded shares of Bel Fuse from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Bank of America started 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 for the company. Weiss Ratings downgraded shares of Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, Northland Securities set a $326.00 price target on shares of Bel Fuse in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bel Fuse currently has a consensus rating of "Moderate Buy" and a consensus target price of $324.00.

Insider Buying and Selling at Bel Fuse

In related news, Director Vincent Vellucci sold 393 shares of Bel Fuse stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73. Following the sale, the director owned 8,434 shares of the company's stock, valued at $2,054,606.74. The trade was a 4.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter E. Gilbert sold 500 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the completion of the transaction, the director owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.37% of the company's stock.

Bel Fuse Stock Up 1.6%

Shares of NASDAQ:BELFB opened at $243.79 on Friday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 58.89, a price-to-earnings-growth ratio of 2.63 and a beta of 1.71. The company has a 50 day moving average of $271.77 and a two-hundred day moving average of $256.91. Bel Fuse Inc. has a 52-week low of $129.94 and a 52-week high of $335.29.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse's dividend payout ratio (DPR) is presently 6.76%.

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.

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