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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $216.50.

A number of research analysts have recently commented on the company. Needham & Company LLC upped their target price on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Northland Securities set a $266.00 target price on Bel Fuse in a research note on Thursday, February 19th. Finally, Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $204.65 on Friday. The business’s 50 day moving average price is $214.72 and its 200-day moving average price is $179.69. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $248.61. The company has a market cap of $2.59 billion, a P/E ratio of 41.68, a P/E/G ratio of 2.08 and a beta of 1.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse Announces Dividend

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

Insider Buying and Selling

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of BELFB. Price T Rowe Associates Inc. MD lifted its holdings in Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Bel Fuse in the 4th quarter valued at $42,680,000. Wasatch Advisors LP increased its holdings in shares of Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after acquiring an additional 174,969 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Bel Fuse by 45.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after acquiring an additional 161,736 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Bel Fuse by 1,345.9% in the 4th quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock worth $24,318,000 after acquiring an additional 133,446 shares in the last quarter. Hedge funds and other 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.