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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $106.60.

Several research firms have issued reports on BELFB. Robert W. Baird began coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They set an “outperform” rating and a $88.00 price objective on the stock. Baird R W raised shares of Bel Fuse to a “strong-buy” rating in a report on Tuesday, June 10th. Needham & Company LLC decreased their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Northland Securities increased their price objective on shares of Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, June 30th. Finally, Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Wednesday, July 2nd.

Insider Activity at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president owned 12,155 shares of the company’s stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BELFB. CWM LLC raised its holdings in Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the fourth quarter worth approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock worth $222,000 after purchasing an additional 854 shares in the last quarter. Aristides Capital LLC acquired a new stake in Bel Fuse during the first quarter worth approximately $225,000. Finally, ProShare Advisors LLC acquired a new stake in Bel Fuse during the fourth quarter worth approximately $240,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Down 0.8%

BELFB stock opened at $99.27 on Thursday. The firm’s fifty day simple moving average is $80.70 and its 200-day simple moving average is $78.56. Bel Fuse has a 12 month low of $58.00 and a 12 month high of $100.56. The company has a market capitalization of $1.26 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The firm had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. As a group, equities research analysts forecast that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s payout ratio is 8.14%.

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.