Bel Fuse Inc. (NASDAQ:BELFB) Given Consensus Rating of “Buy” by Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $173.00.

Several brokerages have issued reports on BELFB. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Robert W. Baird set a $170.00 target price on shares of Bel Fuse in a research report on Friday, October 31st. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Northland Securities set a $188.00 price target on Bel Fuse in a research note on Friday, October 31st.

Bel Fuse Stock Up 1.8%

Shares of NASDAQ BELFB opened at $200.11 on Monday. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $202.49. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 2.13 and a beta of 1.56. The business has a 50-day moving average of $167.31 and a 200-day moving average of $146.10.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 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 Thursday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.38%.

Insider Activity at Bel Fuse

In related news, VP Joseph Berry sold 408 shares of Bel Fuse 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 transaction, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,199,849.37. This represents a 18.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,027 shares of company stock worth $435,034 over the last three months. 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 stock. Arrowstreet Capital Limited Partnership purchased a new position in shares of Bel Fuse in the third quarter worth about $14,537,000. Thrivent Financial for Lutherans grew its position in Bel Fuse by 66.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock worth $34,584,000 after acquiring an additional 98,178 shares during the last quarter. Bessemer Group Inc. grew its position in Bel Fuse by 28.3% during the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after acquiring an additional 71,895 shares during the last quarter. Wasatch Advisors LP increased its stake in Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after purchasing an additional 71,390 shares during the period. Finally, Portolan Capital Management LLC lifted its position in Bel Fuse by 97.9% in the third quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after purchasing an additional 61,240 shares during the last quarter. 58.39% of the stock is 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.