Bel Fuse Inc. (NASDAQ:BELFB) Receives $103.60 Consensus Target Price from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.60.

A number of brokerages have recently weighed in on BELFB. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a “buy” rating and a $115.00 price objective on the stock. Northland Securities raised their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, June 30th. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC cut their price objective on Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, April 28th.

Insider Activity at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The stock was 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 in the company, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Bessemer Group Inc. acquired a new position in Bel Fuse during the 1st quarter worth $19,007,000. Makaira Partners LLC acquired a new position in Bel Fuse during the 1st quarter worth $18,415,000. Brown Advisory Inc. acquired a new position in Bel Fuse during the 4th quarter worth $11,807,000. Janus Henderson Group PLC boosted its position in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after acquiring an additional 141,951 shares during the period. Finally, Portolan Capital Management LLC boosted its position in Bel Fuse by 72.5% during the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after acquiring an additional 87,612 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $100.20 on Thursday. Bel Fuse has a twelve month low of $58.00 and a twelve month high of $100.52. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $80.09 and a two-hundred day moving average of $78.49. The stock has a market cap of $1.27 billion, a P/E ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 1.51.

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

Bel Fuse Cuts Dividend

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

Bel Fuse Company Profile

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.