Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Recommendation of “Buy” from Analysts

by · The Cerbat Gem

Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) has received an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong 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 $164.20.

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

View Our Latest Stock Analysis on BELFB

Bel Fuse Trading Up 0.9%

Shares of BELFB stock opened at $154.02 on Friday. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $167.04. The company has a market cap of $1.95 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $148.34 and its two-hundred day moving average is $122.82.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse’s payout ratio is 5.38%.

Insiders Place Their Bets

In other news, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,027 shares of company stock valued at $435,034. Insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Hedge funds have recently modified their holdings of the company. CWM LLC increased its position in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 228 shares during the period. Jones Financial Companies Lllp boosted its stake in Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares in the last quarter. Federated Hermes Inc. increased its holdings in Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after buying an additional 115 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Bel Fuse in the 2nd quarter valued at $50,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bel Fuse in the 3rd quarter valued at $78,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

(Get Free Report)

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.

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