Bel Fuse (NASDAQ:BELFB) Now Covered by Analysts at Oppenheimer

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

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

Bel Fuse Price Performance

Shares of BELFB opened at $83.88 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 19.24 and a beta of 1.33. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $92.61. The stock has a 50 day moving average of $80.65 and a 200-day moving average of $72.72.

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 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 dividend yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Insider Activity at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in BELFB. Isthmus Partners LLC acquired a new stake in shares of Bel Fuse in the second quarter valued at $39,000. nVerses Capital LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at about $39,000. Comerica Bank boosted its position in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $200,000. 58.39% of the stock is currently 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.