Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Rating of “Moderate Buy” from Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $307.25.

Several research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Northland Securities set a $321.00 price objective on shares of Bel Fuse in a report on Monday, May 4th.

Bel Fuse Stock Up 3.7%

Shares of NASDAQ BELFB opened at $270.01 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 61.51, a P/E/G ratio of 2.69 and a beta of 1.75. Bel Fuse has a 12-month low of $69.00 and a 12-month high of $308.27. The company’s fifty day simple moving average is $240.84 and its 200 day simple moving average is $205.79. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 6.38%.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BELFB. Price T Rowe Associates Inc. MD raised its holdings in Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Bel Fuse in the fourth quarter valued at about $42,680,000. Wasatch Advisors LP raised its holdings in shares of Bel Fuse by 74.3% in the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after purchasing an additional 174,969 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.