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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $196.20.

BELFB has been the subject of a number of recent research reports. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Sunday. Needham & Company LLC increased their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Northland Securities set a $266.00 target price on shares of Bel Fuse in a report on Thursday, February 19th. Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th. Finally, Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $191.81 on Tuesday. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $248.61. The company’s 50 day moving average is $207.92 and its 200 day moving average is $171.50. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.43 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.07 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s payout ratio is 5.70%.

Insider Buying and Selling at Bel Fuse

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the transaction, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Farther Finance Advisors LLC raised its position in shares of Bel Fuse by 365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Bel Fuse in the fourth quarter worth about $33,000. Jones Financial Companies Lllp boosted 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 worth $37,000 after acquiring an additional 151 shares during the last quarter. Federated Hermes Inc. boosted 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 worth $47,000 after acquiring an additional 115 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Bel Fuse during the 3rd quarter valued at about $78,000. 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.