Bel Fuse Inc. (BELFB) – What Are Brokerages Thinking About This Stock?

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $315.67.

Several research firms have recently commented on BELFB. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. B. Riley Financial assumed coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating on the stock. Northland Securities set a $326.00 price target on shares of Bel Fuse in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th.

Insiders Place Their Bets

In other news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the completion of the transaction, the director directly owned 7,434 shares in the company, valued at approximately $1,748,105.10. This trade represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,893 shares of company stock valued at $476,949 over the last ninety days. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in Bel Fuse by 2.2% during the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock valued at $162,994,000 after purchasing an additional 10,705 shares during the period. Janus Henderson Group PLC lifted its holdings in Bel Fuse by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after buying an additional 140,804 shares during the period. Tidal Investments LLC grew its position in shares of Bel Fuse by 49.4% in the 2nd 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 during the last quarter. Tema ETFs LLC increased its stake in shares of Bel Fuse by 52.2% during the second quarter. Tema ETFs LLC now owns 202,849 shares of the electronics maker’s stock valued at $67,557,000 after buying an additional 69,531 shares during the period. Finally, Congress Asset Management Co. bought a new position in shares of Bel Fuse during the third quarter valued at approximately $63,101,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Trading Down 1.5%

BELFB stock opened at $212.40 on Wednesday. The stock has a 50-day moving average price of $248.25 and a 200-day moving average price of $263.37. Bel Fuse has a 1-year low of $129.94 and a 1-year high of $335.29. The firm has a market cap of $3.07 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.67.

Bel Fuse Announces Dividend

The company 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 dividend of $0.07 per share. 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 dividend payout ratio is currently 6.76%.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.