Bel Fuse (NASDAQ:BELFB) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer began coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $105.00 price objective on the electronics maker’s stock.

Several other research analysts also recently weighed in on BELFB. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Northland Securities boosted their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Finally, Needham & Company LLC raised their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $98.33.

Bel Fuse Stock Performance

Shares of BELFB opened at $91.36 on Tuesday. The stock has a 50 day moving average of $80.32 and a 200 day moving average of $72.40. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $91.50. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.95 and a beta of 1.33.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.31%. Bel Fuse’s dividend payout ratio is currently 6.42%.

Insiders Place Their Bets

In other news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the sale, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently bought and sold shares of BELFB. Isthmus Partners LLC bought a new stake in shares of Bel Fuse in the 2nd quarter valued at about $39,000. nVerses Capital LLC purchased a new stake in shares of Bel Fuse during the third quarter valued at approximately $39,000. Comerica Bank grew its holdings in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after buying an additional 200 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Bel Fuse during the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

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.