Bel Fuse Inc. (NASDAQ:BELFB) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $324.00.

Several equities research analysts recently commented on the company. Bank of America assumed coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective on the stock. Northland Securities set a $326.00 target price on Bel Fuse in a research report on Friday, July 31st. Zacks Research raised Bel Fuse from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, B. Riley Financial assumed coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating on the stock.

Bel Fuse Trading Up 0.7%

Bel Fuse stock opened at $252.69 on Friday. Bel Fuse has a 12 month low of $129.94 and a 12 month high of $335.29. The stock has a fifty day simple moving average of $261.27 and a two-hundred day simple moving average of $258.99. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 61.04, a PEG ratio of 2.70 and a beta of 1.71.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio is 6.76%.

Insider Buying and Selling

In other Bel Fuse news, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director owned 750 shares of the company’s stock, valued at approximately $219,090. The trade was a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vincent Vellucci sold 1,000 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $235.15, for a total transaction of $235,150.00. Following the sale, the director owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,893 shares of company stock valued at $476,949. 5.37% of the stock is currently owned by insiders.

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new position in Bel Fuse in the first quarter valued at about $30,000. KBC Group NV bought a new stake in shares of Bel Fuse during the 1st quarter valued at about $38,000. Signature Equity Partners LLC purchased a new stake in shares of Bel Fuse during the 1st quarter valued at about $39,000. PNC Financial Services Group Inc. increased its position in shares of Bel Fuse by 20.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 48 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Bel Fuse in the 1st quarter worth approximately $100,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.

Bel Fuse’s product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.