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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six 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 $173.00.

A number of research firms have recently issued reports on BELFB. Northland Securities set a $188.00 target price on Bel Fuse in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Robert W. Baird set a $170.00 price objective on Bel Fuse in a research report on Friday, October 31st. Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st.

Bel Fuse Stock Down 1.9%

Shares of NASDAQ:BELFB opened at $196.50 on Monday. The firm has a 50 day simple moving average of $171.97 and a 200 day simple moving average of $148.94. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $205.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. The company has a market cap of $2.49 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.13 and a beta of 1.56.

Insiders Place Their Bets

In other news, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were 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 $1,100,899.80. The trade was a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the vice president directly owned 17,893 shares in the company, valued at $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,027 shares of company stock valued at $435,034 in the last three months. Company insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Bel Fuse by 365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Jones Financial Companies Lllp grew its position in Bel Fuse by 139.8% in 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 in the last quarter. Federated Hermes Inc. increased its stake in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Bel Fuse during the 2nd quarter worth $50,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Bel Fuse during the 3rd quarter valued at $78,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.