Bel Fuse Inc. (NASDAQ:BELFB) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Bel Fuse has a “Moderate Buy” consensus rating from nine analysts, with seven buys and two holds. The average 12-month price target is $324, above the reported share price of $252.69.
• The stock has a market capitalization of approximately $3.65 billion and trades at a price-to-earnings ratio of 61.04. Bel Fuse also declared a quarterly dividend of $0.07 per share, representing a 0.1% yield.
• Institutional investors own 58.39% of the company, while insiders sold 1,893 shares worth roughly $476,949 over the past 90 days.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, 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 price objective among brokerages that have issued ratings on the stock in the last year is $324.00.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Bel Fuse from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 11th. B. Riley Financial started coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a "buy" rating on the stock. Zacks Research raised shares of Bel Fuse from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Northland Securities set a $326.00 price objective on shares of Bel Fuse in a report on Friday, July 31st.

Bel Fuse Trading Up 0.7%

BELFB opened at $252.69 on Friday. The stock has a fifty day simple moving average of $261.27 and a two-hundred day simple moving average of $258.99. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 61.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.71. Bel Fuse has a 12-month low of $129.94 and a 12-month high of $335.29.

Bel Fuse Announces Dividend

The business also recently declared 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse's payout ratio is currently 6.76%.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $235.15, for a total value of $235,150.00. Following the sale, the director directly owned 7,434 shares of the company's stock, valued at approximately $1,748,105.10. The trade was a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter E. Gilbert sold 500 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director directly owned 750 shares in the company, valued at approximately $219,090. This represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,893 shares of company stock worth $476,949 in the last 90 days. 5.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds have recently bought and sold shares of BELFB. Sequoia Financial Advisors LLC bought a new stake in Bel Fuse during the 2nd quarter valued at about $205,000. Tidal Investments LLC lifted its stake in shares of Bel Fuse by 49.4% in the second quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker's stock worth $70,540,000 after buying an additional 70,014 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Bel Fuse by 14.7% in the second quarter. Arizona State Retirement System now owns 3,322 shares of the electronics maker's stock worth $1,106,000 after buying an additional 426 shares in the last quarter. Nykredit A S purchased a new stake in shares of Bel Fuse during the second quarter valued at approximately $224,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Bel Fuse during the second quarter valued at approximately $545,000. Institutional investors own 58.39% of the company's stock.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.

Bel Fuse's product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.

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