Zacks: Bel Fuse Inc. (NASDAQ:BELFB) Given $24.00 Average Target Price by Brokerages
Bel Fuse Inc. (NASDAQ:BELFB) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 1-year consensus target price of $24.00 for the company, according to Zacks. Zacks has also assigned Bel Fuse an industry rank of 219 out of 265 based on the ratings given to related companies.
Separately, TheStreet raised Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Bel Fuse during the second quarter worth $102,000. Acrospire Investment Management LLC increased its position in Bel Fuse by 17.9% in the second quarter. Acrospire Investment Management LLC now owns 6,534 shares of the company’s stock worth $116,000 after buying an additional 992 shares during the period. Springbok Capital Management LLC increased its position in Bel Fuse by 14.1% in the first quarter. Springbok Capital Management LLC now owns 11,300 shares of the company’s stock worth $165,000 after buying an additional 1,400 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in Bel Fuse by 1.0% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,675 shares of the company’s stock worth $225,000 after buying an additional 125 shares during the period. Finally, Alambic Investment Management L.P. purchased a new position in Bel Fuse during the second quarter worth $241,000. 53.39% of the stock is currently owned by institutional investors and hedge funds.
Bel Fuse (NASDAQ:BELFB) opened at 24.14 on Tuesday. The company’s market capitalization is $288.18 million. Bel Fuse has a 1-year low of $13.31 and a 1-year high of $24.43. The firm has a 50-day moving average price of $22.90 and a 200-day moving average price of $18.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, October 12th. Bel Fuse’s dividend payout ratio is -4.96%.
About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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