Congruence Capital LLC Takes $9.46 Million Position in Bel Fuse Inc. $BELFB

Congruence Capital LLC acquired a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 55,759 shares of the electronics maker’s stock, valued at approximately $9,458,000. Bel Fuse comprises approximately 3.5% of Congruence Capital LLC’s portfolio, making the stock its 14th biggest holding. Congruence Capital LLC owned approximately 0.44% of Bel Fuse as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BELFB. Farther Finance Advisors LLC increased its position in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 151 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Bel Fuse in the 4th quarter valued at $83,000. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 60.0% during the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after buying an additional 375 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of Bel Fuse by 195.0% during the fourth quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock worth $100,000 after buying an additional 390 shares during the period. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

Shares of BELFB opened at $293.87 on Friday. Bel Fuse Inc. has a one year low of $83.93 and a one year high of $308.27. The company has a market cap of $3.74 billion, a PE ratio of 66.94, a P/E/G ratio of 2.95 and a beta of 1.70. The stock has a 50-day moving average of $262.09 and a 200-day moving average of $219.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is currently 6.38%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $315.00 price objective on shares of Bel Fuse in a research report on Friday, May 1st. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Northland Securities set a $321.00 target price on Bel Fuse in a research report on Monday, May 4th. Finally, Robert W. Baird set a $293.00 target price 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.80.

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.