Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $319.80.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target on the stock. Northland Securities set a $321.00 price target on Bel Fuse in a research report on Monday, May 4th. Needham & Company LLC boosted their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $293.00 price target on Bel Fuse in a research report on Friday, May 1st. Finally, Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th.

Bel Fuse Stock Up 2.3%

BELFB opened at $299.84 on Thursday. The stock has a market capitalization of $3.81 billion, a P/E ratio of 68.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.70. Bel Fuse has a one year low of $86.99 and a one year high of $308.27. The business’s 50-day simple moving average is $267.67 and its 200-day simple moving average is $222.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18.

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 117 shares during the period. State of Wyoming purchased a new position in Bel Fuse in the first quarter worth $30,000. Kemnay Advisory Services Inc. purchased a new position in Bel Fuse in the fourth quarter worth $33,000. Jones Financial Companies Lllp lifted its holdings in Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 151 shares during the period. Finally, KBC Group NV acquired a new stake in Bel Fuse in the first quarter valued at $38,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.