Bel Fuse (NASDAQ:BELFB) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $215.50 and traded as high as $280.01. Bel Fuse shares last traded at $279.13, with a volume of 352,115 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on BELFB. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. 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 price target on shares of Bel Fuse in a research report on Monday, May 4th. Needham & Company LLC lifted their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $315.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus target price of $319.80.

Bel Fuse Stock Up 0.3%

The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $3.52 billion, a PE ratio of 63.09, a P/E/G ratio of 2.77 and a beta of 1.70. The stock’s fifty day simple moving average is $258.30 and its 200-day simple moving average is $217.42.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given 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 is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Institutional Trading of Bel Fuse

A number of institutional investors have recently made changes to their positions in BELFB. Farther Finance Advisors LLC lifted its stake in Bel Fuse by 365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 117 shares during the period. State of Wyoming purchased a new position in Bel Fuse during the first quarter valued at $30,000. Kemnay Advisory Services Inc. purchased a new position in Bel Fuse during the fourth quarter valued at $33,000. Jones Financial Companies Lllp lifted its position in Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after buying an additional 151 shares during the period. Finally, KBC Group NV purchased a new position in Bel Fuse during the first quarter valued at $38,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

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.