Bel Fuse (NASDAQ:BELFB) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a research note published on Sunday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Needham & Company LLC upped their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Northland Securities set a $266.00 target price on shares of Bel Fuse in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $196.20.

Bel Fuse Stock Performance

Bel Fuse stock opened at $191.87 on Friday. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $2.43 billion, a P/E ratio of 39.08, a P/E/G ratio of 1.95 and a beta of 1.51. Bel Fuse has a 1-year low of $57.99 and a 1-year high of $248.61. The firm has a 50-day moving average of $207.57 and a 200-day moving average of $171.05.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s payout ratio is currently 5.70%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Bel Fuse in the fourth quarter worth approximately $33,000. Jones Financial Companies Lllp increased its position in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 151 shares in the last quarter. Federated Hermes Inc. raised its holdings in Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 115 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in Bel Fuse in the 4th quarter worth approximately $83,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.