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

Bel Fuse Inc. (NASDAQ:BELFB) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $216.50.

Several brokerages recently weighed in on BELFB. Needham & Company LLC upped their target price on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Northland Securities set a $266.00 price objective on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings lowered Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th.

Bel Fuse Stock Performance

BELFB opened at $204.65 on Friday. The firm has a market cap of $2.59 billion, a P/E ratio of 41.68, a PEG ratio of 2.08 and a beta of 1.56. Bel Fuse has a 1-year low of $57.99 and a 1-year high of $248.61. The company has a 50 day simple moving average of $214.72 and a two-hundred day simple moving average of $179.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 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 Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.70%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse 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 SEC filing for this sale provides additional information. Company insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after buying an additional 79 shares in the last quarter. PFG Advisors grew its position in Bel Fuse by 1.3% in the fourth quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after acquiring an additional 84 shares in the last quarter. Arizona State Retirement System increased its stake in Bel Fuse by 3.3% during the third quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock worth $439,000 after acquiring an additional 99 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Bel Fuse by 6.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after acquiring an additional 100 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Bel Fuse by 52.5% during the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the period. 58.39% of the stock is owned by hedge funds and other 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.