Shares of Bel Fuse Inc. (NASDAQ:BELFB) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus target price of $24.00 for the company, according to Zacks. Zacks has also given Bel Fuse an industry rank of 218 out of 265 based on the ratings given to related companies.
Separately, TheStreet raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
Bel Fuse (NASDAQ:BELFB) opened at 23.90 on Tuesday. Bel Fuse has a 1-year low of $13.31 and a 1-year high of $24.43. The firm has a 50-day moving average of $22.79 and a 200 day moving average of $18.64. The firm’s market cap is $285.32 million.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, October 12th. Bel Fuse’s dividend payout ratio is -4.96%.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Bel Fuse by 595.9% in the second quarter. JPMorgan Chase & Co. now owns 315,117 shares of the company’s stock valued at $5,603,000 after buying an additional 269,832 shares in the last quarter. Numeric Investors LLC acquired a new stake in Bel Fuse during the second quarter valued at approximately $1,763,000. Polaris Capital Management LLC increased its stake in Bel Fuse by 479.1% in the second quarter. Polaris Capital Management LLC now owns 96,000 shares of the company’s stock valued at $1,707,000 after buying an additional 79,422 shares in the last quarter. Algert Global LLC acquired a new stake in Bel Fuse during the second quarter valued at approximately $858,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Bel Fuse by 127.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,829 shares of the company’s stock valued at $1,349,000 after buying an additional 42,517 shares in the last quarter. 53.39% of the stock is owned by institutional investors.
About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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