Bel Fuse Inc. (NASDAQ:BELFB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $321.50.

A number of equities research analysts have issued reports on BELFB shares. Oppenheimer reiterated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Robert W. Baird set a $293.00 target price on Bel Fuse in a report on Friday, May 1st. Zacks Research lowered Bel Fuse from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research note on Monday, May 4th. Finally, Citigroup assumed coverage on Bel Fuse in a research report on Monday. They issued a “buy” rating for the company.

Bel Fuse Trading Up 1.4%

Bel Fuse stock opened at $270.56 on Monday. Bel Fuse has a 1 year low of $99.88 and a 1 year high of $335.29. The firm’s 50-day moving average is $280.50 and its 200-day moving average is $240.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The company has a market cap of $3.44 billion, a P/E ratio of 61.63, a PEG ratio of 2.92 and a beta of 1.68.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares during the period. State of Wyoming purchased a new position in Bel Fuse during the 1st quarter worth approximately $30,000. Kemnay Advisory Services Inc. acquired a new stake in Bel Fuse during the 4th quarter valued at $33,000. KBC Group NV acquired a new stake in Bel Fuse during the 1st quarter valued at $38,000. Finally, Signature Equity Partners LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at $39,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.