Bel Fuse (NASDAQ:BELFB) Research Coverage Started at Bank of America

Bank of America started coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $330.00 target price on the electronics maker’s stock.

BELFB has been the subject of several other reports. Oppenheimer reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Northland Securities set a $321.00 target price on Bel Fuse in a research note on Monday, May 4th. Robert W. Baird set a $293.00 price target on Bel Fuse in a report on Friday, May 1st. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a research report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 price target for the company. Finally, B. Riley Financial started coverage on Bel Fuse in a report on Tuesday. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus price target of $321.50.

Bel Fuse Stock Down 3.0%

Shares of NASDAQ BELFB opened at $266.80 on Tuesday. The firm’s fifty day moving average is $281.04 and its 200 day moving average is $240.00. Bel Fuse has a 52 week low of $98.90 and a 52 week high of $335.29. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 60.77, a PEG ratio of 3.01 and a beta of 1.68.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s payout ratio is presently 6.38%.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after acquiring an additional 240 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after acquiring an additional 116 shares during the period. Rhumbline Advisers raised its position in shares of Bel Fuse by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after acquiring an additional 383 shares in the last quarter. Sei Investments Co. bought a new position in shares of Bel Fuse in the 2nd quarter worth approximately $312,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Bel Fuse by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after purchasing an additional 337 shares during the period. 58.39% of the stock is owned by 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.