Bel Fuse (NASDAQ:BELFB) Now Covered by Oppenheimer

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

Several other brokerages have also recently issued reports on BELFB. 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. Needham & Company LLC upped their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Finally, StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $91.36 on Tuesday. The business has a 50 day moving average of $80.32 and a 200 day moving average of $72.40. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $91.50. The company has a market cap of $1.15 billion, a PE ratio of 20.95 and a beta of 1.33. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Dividend Announcement

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

Insider Activity at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the business’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 value of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value 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 represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BELFB. Comerica Bank boosted its holdings in 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. Legato Capital Management LLC bought a new stake in shares of Bel Fuse in the second quarter worth $757,000. Principal Financial Group Inc. increased its position in Bel Fuse by 10.5% during the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after acquiring an additional 823 shares during the last quarter. Rhumbline Advisers increased its position in Bel Fuse by 4.9% during the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock valued at $1,094,000 after acquiring an additional 787 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in Bel Fuse in the second quarter valued at about $3,346,000. 58.39% of the stock is owned by institutional investors.

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.