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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $307.25.

Several equities analysts have issued reports on the stock. Oppenheimer restated an “outperform” rating and issued a $315.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research report on Friday, May 1st. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Northland Securities set a $321.00 price target on shares of Bel Fuse in a research report on Monday, May 4th.

Bel Fuse Trading Up 3.7%

Shares of NASDAQ BELFB opened at $270.01 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse has a 52-week low of $69.00 and a 52-week high of $308.27. The firm has a 50 day moving average price of $240.84 and a two-hundred day moving average price of $205.79. The stock has a market cap of $3.43 billion, a P/E ratio of 61.51, a price-to-earnings-growth ratio of 2.69 and a beta of 1.75.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is 6.38%.

Insider Buying and Selling at Bel Fuse

In other news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction 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 owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Bel Fuse by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Bel Fuse by 1.1% during the first quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after acquiring an additional 50 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Bel Fuse by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after acquiring an additional 79 shares in the last quarter. PFG Advisors boosted its stake in Bel Fuse by 1.3% during the fourth quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after acquiring an additional 84 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Bel Fuse by 0.9% during the first quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock worth $2,049,000 after acquiring an additional 89 shares in the last quarter. 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.