Bel Fuse Inc. (NASDAQ:BELFB) Receives $164.20 Consensus Price Target from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $164.20.

BELFB has been the topic of several research reports. Zacks Research upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research report on Tuesday. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC raised their price target on shares of Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Northland Securities set a $188.00 price objective on shares of Bel Fuse in a research note on Friday, October 31st.

Insider Buying and Selling

In other news, VP Joseph Berry sold 408 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of Bel Fuse stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares of the company’s stock, valued at approximately $1,199,849.37. This trade represents a 18.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,027 shares of company stock worth $435,034 over the last 90 days. Company insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new stake in Bel Fuse in the third quarter worth about $14,537,000. Thrivent Financial for Lutherans boosted its position in shares of Bel Fuse by 66.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock worth $34,584,000 after purchasing an additional 98,178 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after purchasing an additional 71,895 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after buying an additional 71,390 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in Bel Fuse by 97.9% during the 3rd quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after buying an additional 61,240 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Up 0.2%

Shares of BELFB stock opened at $176.45 on Thursday. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $179.41. The stock’s fifty day simple moving average is $158.79 and its 200 day simple moving average is $136.14. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.23 billion, a P/E ratio of 33.93, a P/E/G ratio of 1.94 and a beta of 1.55.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s payout ratio is 5.38%.

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.