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

Bel Fuse Inc. (NASDAQ:BELFB) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $164.20.

Several brokerages recently commented on BELFB. Northland Securities set a $188.00 target price on Bel Fuse in a research report on Friday, October 31st. Zacks Research upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th.

Insider Activity

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the transaction, the vice president directly owned 7,755 shares in the company, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Berry sold 408 shares of the company’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 $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares during the last quarter. Federated Hermes Inc. raised its position in Bel Fuse by 52.5% in 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 period. CWM LLC raised its position in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 228 shares during the period. Ameritas Advisory Services LLC purchased a new position in Bel Fuse in the second quarter valued at about $50,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Bel Fuse during the 3rd quarter valued at approximately $78,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Up 2.2%

Shares of NASDAQ BELFB opened at $163.19 on Friday. The company’s 50 day moving average price is $149.55 and its 200-day moving average price is $124.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $167.04. The company has a market capitalization of $2.07 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.55.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.2%. Bel Fuse’s dividend payout ratio is presently 5.38%.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.