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

Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $319.80.

A number of analysts have issued reports on BELFB shares. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Robert W. Baird set a $293.00 price target on Bel Fuse in a report on Friday, May 1st. Northland Securities set a $321.00 price target on Bel Fuse in a report on Monday, May 4th. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a report on Friday, May 1st.

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Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Argent Capital Management LLC acquired a new stake in shares of Bel Fuse during the first quarter worth about $558,000. Bank of America Corp DE increased its position in shares of Bel Fuse by 0.9% during the first quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock worth $2,049,000 after purchasing an additional 89 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Bel Fuse by 22.7% during the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after purchasing an additional 140,804 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Bel Fuse by 37.2% during the first quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock worth $2,617,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Bel Fuse during the first quarter worth about $351,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Stock Up 2.3%

Shares of NASDAQ BELFB opened at $299.84 on Thursday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 68.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The business has a 50-day moving average of $267.67 and a two-hundred day moving average of $222.65. Bel Fuse has a 1 year low of $86.99 and a 1 year high of $308.27.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date 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 6.38%.

About Bel Fuse

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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.

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