Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $319.80.
A number of equities analysts recently weighed in on BELFB shares. Zacks Research lowered shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research note on Monday, May 4th. Oppenheimer restated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Finally, Needham & Company LLC upped 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.
Check Out Our Latest Report on Bel Fuse
Bel Fuse Stock Performance
Bel Fuse Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is 6.38%.
Hedge Funds Weigh In On Bel Fuse
Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in shares of Bel Fuse by 20.2% in the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after buying an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Bel Fuse by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after acquiring an additional 50 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after acquiring an additional 79 shares during the period. PFG Advisors boosted its holdings in Bel Fuse by 1.3% during the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after acquiring an additional 84 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Bel Fuse by 0.9% during the 1st quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock valued at $2,049,000 after acquiring an additional 89 shares during the period. 58.39% of the stock is currently owned by hedge funds and other 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.
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