Bel Fuse (NASDAQ:BELFB) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the company. Needham & Company LLC raised their target price on Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 25th. Oppenheimer increased their price objective on Bel Fuse from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Northland Securities boosted their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, June 30th. Robert W. Baird upped their target price on shares of Bel Fuse from $154.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and an average target price of $138.40.

Bel Fuse Stock Up 1.3%

BELFB stock opened at $147.96 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 1.78 and a beta of 1.55. The company has a 50-day moving average of $140.80 and a two-hundred day moving average of $106.14. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $152.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72.

Bel Fuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.2%. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 6.86%.

Insider Transactions at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,900 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the sale, the vice president owned 10,255 shares of the company’s stock, valued at $1,312,640. The trade was a 15.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares in the company, valued at $1,812,653.55. This trade represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the company. CWM LLC boosted its position in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after buying an additional 228 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse during the 2nd quarter worth approximately $50,000. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after purchasing an additional 845 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Bel Fuse by 6.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.