Bel Fuse, Inc. (NASDAQ:BELFB) Given $16.00 Average Price Target by Brokerages

Bel Fuse, Inc. (NASDAQ:BELFB) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Analysts have set a 1-year consensus price objective of $16.00 for the company, according to Zacks. Zacks has also given Bel Fuse an industry rank of 48 out of 255 based on the ratings given to its competitors.

BELFB has been the topic of several analyst reports. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Needham & Company LLC initiated coverage on shares of Bel Fuse in a report on Wednesday, September 11th. They issued a “buy” rating and a $16.00 target price on the stock.

NASDAQ BELFB traded up $0.36 during trading hours on Tuesday, hitting $14.17. The company’s stock had a trading volume of 51,475 shares, compared to its average volume of 37,664. The stock has a fifty day moving average of $14.01 and a 200 day moving average of $16.92. Bel Fuse has a twelve month low of $9.03 and a twelve month high of $27.77. The firm has a market capitalization of $166.38 million, a P/E ratio of 9.72 and a beta of 1.49. The company has a quick ratio of 1.87, a current ratio of 3.23 and a debt-to-equity ratio of 0.67.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, August 1st. The electronics maker reported $0.03 earnings per share for the quarter. Bel Fuse had a net margin of 3.59% and a return on equity of 9.48%. The business had revenue of $127.42 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.07 dividend. The ex-dividend date is Monday, October 14th. This represents a $0.28 annualized dividend and a yield of 1.98%.

In other news, Director Peter E. Gilbert bought 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $10.52 per share, for a total transaction of $52,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.37% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. River & Mercantile Asset Management LLP bought a new position in Bel Fuse in the second quarter valued at $1,390,000. Vanguard Group Inc. grew its position in Bel Fuse by 6.8% in the second quarter. Vanguard Group Inc. now owns 754,706 shares of the electronics maker’s stock valued at $12,958,000 after purchasing an additional 47,808 shares in the last quarter. Invesco Ltd. grew its position in Bel Fuse by 42.1% in the second quarter. Invesco Ltd. now owns 145,510 shares of the electronics maker’s stock valued at $2,498,000 after purchasing an additional 43,112 shares in the last quarter. 6 Meridian bought a new position in Bel Fuse in the third quarter valued at $313,000. Finally, BlackRock Inc. grew its position in Bel Fuse by 0.8% in the second quarter. BlackRock Inc. now owns 1,506,590 shares of the electronics maker’s stock valued at $25,868,000 after purchasing an additional 11,238 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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