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

Key Points

• Bel Fuse Inc. (NASDAQ:BELFB) has an average analyst recommendation of "Buy", with five analysts recommending a buy and two issuing a strong buy.
• The company recently increased its quarterly dividend from $0.06 to $0.07, with an upcoming payment date of October 31st.
• Insider sales of Bel Fuse stock included VP Kenneth Koon Keung Lai selling 4,000 shares, indicating a 24.76% decrease in their ownership.

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) have earned an average rating of "Buy" from the seven research firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $113.60.

A number of research firms recently commented on BELFB. Baird R W raised Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Robert W. Baird began coverage on Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 target price for the company. Wall Street Zen raised Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Northland Securities lifted their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Finally, Needham & Company LLC lifted their target price on Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, July 25th.

Bel Fuse Price Performance

Shares of BELFB stock opened at $128.91 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $136.56. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.77 and a beta of 1.52. The stock's 50-day simple moving average is $110.32 and its 200-day simple moving average is $87.23.

Bel Fuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This is a boost from Bel Fuse's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse's dividend payout ratio is presently 6.86%.

Insider Buying and Selling

In other Bel Fuse 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 value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephen Dawson sold 1,200 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the transaction, the insider directly owned 14,265 shares of the company's stock, valued at $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock valued at $731,804 over the last three months. 5.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in shares of Bel Fuse by 6.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker's stock valued at $156,000 after buying an additional 100 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Bel Fuse by 3.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker's stock valued at $377,000 after buying an additional 113 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bel Fuse by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker's stock valued at $971,000 after buying an additional 116 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock valued at $330,000 after buying an additional 189 shares in the last quarter. Finally, PFG Advisors increased its position in shares of Bel Fuse by 3.3% in the second quarter. PFG Advisors now owns 6,281 shares of the electronics maker's stock valued at $614,000 after buying an additional 199 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

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.

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