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

Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $324.00.

BELFB has been the subject of a number of recent analyst reports. Wall Street Zen raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. B. Riley Financial initiated coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating on the stock. Northland Securities set a $326.00 price objective on shares of Bel Fuse in a report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Bank of America began coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 target price on the stock.

Check Out Our Latest Report on BELFB

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Farther Finance Advisors LLC increased its holdings in shares of Bel Fuse by 365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. State of Wyoming acquired a new stake in shares of Bel Fuse during the first quarter worth about $30,000. KBC Group NV bought a new position in shares of Bel Fuse during the 1st quarter valued at about $38,000. Kemnay Advisory Services Inc. bought a new position in shares of Bel Fuse during the 4th quarter valued at about $33,000. Finally, Signature Equity Partners LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at approximately $39,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Trading Down 2.9%

NASDAQ BELFB opened at $286.01 on Friday. Bel Fuse has a 12 month low of $124.42 and a 12 month high of $335.29. The stock has a 50-day simple moving average of $282.95 and a 200 day simple moving average of $252.77. The company has a market capitalization of $3.64 billion, a PE ratio of 69.08, a P/E/G ratio of 3.12 and a beta of 1.72.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.07 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 6.76%.

About Bel Fuse

(Get Free Report)

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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Analyst Recommendations for Bel Fuse (NASDAQ:BELFB)

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