Bel Fuse (NASDAQ:BELFB) Earns Outperform Rating from Analysts at Oppenheimer

Oppenheimer assumed coverage on shares of Bel Fuse (NASDAQ:BELFB) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $105.00 price objective on the electronics maker’s stock.

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

Bel Fuse Trading Down 0.4 %

NASDAQ:BELFB opened at $83.88 on Tuesday. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $92.61. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $80.65 and a 200-day simple moving average of $72.72. The company has a market capitalization of $1.05 billion, a PE ratio of 19.24 and a beta of 1.33.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. Bel Fuse’s payout ratio is 6.42%.

Insiders Place Their Bets

In other news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, 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. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Bel Fuse by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker’s stock valued at $20,215,000 after buying an additional 4,027 shares during the last quarter. Geode Capital Management LLC grew its stake in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after purchasing an additional 6,250 shares in the last quarter. American Century Companies Inc. increased its holdings in Bel Fuse by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock worth $18,024,000 after purchasing an additional 28,649 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Bel Fuse by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock valued at $20,109,000 after purchasing an additional 25,607 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Bel Fuse by 7.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock valued at $14,093,000 after buying an additional 12,007 shares during the last quarter. 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.