Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Rating of "Buy" from Analysts

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has earned an average rating of "Buy" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $106.60.

BELFB has been the subject of several recent analyst reports. Robert W. Baird began coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Craig Hallum started coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. Needham & Company LLC lowered their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Oppenheimer set a $125.00 target price on Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday. Finally, Northland Securities raised their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday.

Insiders Place Their Bets

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the sale, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.37% of the company's stock.

Institutional Trading of Bel Fuse

Several hedge funds have recently bought and sold shares of the business. CWM LLC increased its holdings in Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Bel Fuse during the fourth quarter valued at approximately $148,000. ProShare Advisors LLC bought a new stake in Bel Fuse during the fourth quarter worth $240,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after buying an additional 854 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in Bel Fuse in the 1st quarter valued at $225,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Trading Up 1.4%

Shares of BELFB stock traded up $1.37 during mid-day trading on Thursday, reaching $100.20. 105,544 shares of the stock traded hands, compared to its average volume of 86,942. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.51. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76. The stock's fifty day simple moving average is $78.91 and its two-hundred day simple moving average is $78.38. Bel Fuse has a 1-year low of $58.00 and a 1-year high of $101.67.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. On average, research analysts anticipate that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's payout ratio is 8.14%.

About Bel Fuse

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.