Bel Fuse (NASDAQ:BELFB) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research report report published on Sunday.

Several other research analysts have also recently commented on BELFB. Zacks Research upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Oppenheimer set a $180.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Northland Securities set a $188.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Needham & Company LLC boosted their target price on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Price Performance

Bel Fuse stock opened at $175.69 on Friday. The company’s 50 day moving average is $155.96 and its two-hundred day moving average is $133.07. The firm has a market cap of $2.22 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $178.66.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.2%. Bel Fuse’s dividend payout ratio is 5.38%.

Insiders Place Their Bets

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,936 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares in the company, valued at $1,199,849.37. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Berry sold 408 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,027 shares of company stock worth $435,034. 5.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in shares of Bel Fuse during the 3rd quarter valued at about $2,739,000. NewEdge Advisors LLC purchased a new stake in shares of Bel Fuse in the third quarter worth approximately $138,000. Castleark Management LLC purchased a new stake in Bel Fuse in the 3rd quarter worth approximately $3,410,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Bel Fuse by 94.3% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,477 shares of the electronics maker’s stock valued at $207,000 after buying an additional 717 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Bel Fuse during the third quarter valued at approximately $963,000. 58.39% of the stock is currently owned by institutional investors.

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.