Bel Fuse (NASDAQ:BELFB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a research note published on Sunday.

Several other equities analysts also recently commented on the stock. Northland Securities set a $266.00 price objective on shares of Bel Fuse in a research note on Thursday, February 19th. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Needham & Company LLC upped their price target on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Bel Fuse currently has an average rating of “Moderate Buy” and an average target price of $196.20.

Bel Fuse Stock Up 3.5%

BELFB opened at $198.50 on Friday. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $248.61. 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 business’s 50-day moving average price is $208.43 and its 200-day moving average price is $171.96. The company has a market cap of $2.51 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.95 and a beta of 1.52.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.07 dividend. 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 is presently 5.70%.

Insider Activity

In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred 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 sale, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’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 value of $7,948,278.00. The disclosure for this sale is available in the SEC filing. Company insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFB. T. Rowe Price Investment Management Inc. lifted its position in Bel Fuse by 45.3% during 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 buying an additional 161,736 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Bel Fuse by 28.8% in the 4th quarter. Voloridge Investment Management LLC now owns 40,583 shares of the electronics maker’s stock worth $6,884,000 after acquiring an additional 9,085 shares in the last quarter. SummitTX Capital L.P. purchased a new position in Bel Fuse during the 4th quarter valued at about $684,000. Janus Henderson Group PLC lifted its position in Bel Fuse by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock valued at $105,016,000 after acquiring an additional 99,834 shares during the period. Finally, Evolve Private Wealth LLC bought a new stake in Bel Fuse during the fourth quarter worth about $628,000. Institutional investors 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.