Bel Fuse Inc. (NASDAQ:BELFB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts give Bel Fuse a “Moderate Buy” consensus: Seven of nine covering firms rate the stock a buy, while two recommend holding it. The average 12-month price target is $324.
• Shares opened at $249.27, below the 50-day moving average of $276.49 but above the 200-day average of $256.85; the stock has traded between $129.94 and $335.29 over the past year.
• Bel Fuse declared a quarterly dividend of $0.07 per share, equivalent to $0.28 annually and a 0.1% yield. A company director recently sold 500 shares, while institutional investors own 58.39% of the stock.

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $324.00.

BELFB has been the topic of a number of recent research reports. Weiss Ratings cut shares of Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 25th. B. Riley Financial started coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They issued a "buy" rating for the company. Citigroup began coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Wall Street Zen raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Northland Securities set a $326.00 price target on Bel Fuse in a report on Friday, July 31st.

Insider Activity at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. State of Wyoming acquired a new position in Bel Fuse in the first quarter worth about $30,000. Kemnay Advisory Services Inc. bought a new stake in Bel Fuse in the fourth quarter valued at about $33,000. KBC Group NV bought a new stake in Bel Fuse in the first quarter valued at about $38,000. Finally, Signature Equity Partners LLC bought a new position in Bel Fuse during the 1st quarter worth approximately $39,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Price Performance

NASDAQ BELFB opened at $249.27 on Tuesday. Bel Fuse has a 1-year low of $129.94 and a 1-year high of $335.29. The firm has a market capitalization of $3.60 billion, a P/E ratio of 60.21, a P/E/G ratio of 2.63 and a beta of 1.72. The business's 50-day simple moving average is $276.49 and its 200-day simple moving average is $256.85.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse's dividend payout ratio is presently 6.76%.

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.

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