Bel Fuse (NASDAQ:BELFB) Sets New 1-Year High Following Dividend Announcement

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $160.36 and last traded at $159.42, with a volume of 125176 shares. The stock had previously closed at $153.99.The newly announced dividend which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse's dividend payout ratio is currently 5.38%.Analyst Ratings ChangesBELFB has been the topic of a number of recent analyst reports. Needham & Company LLC upped their price objective on Bel Fuse from $130.00 to $168.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird set a $170.00 price target on Bel Fuse in a research note on Friday. Northland Securities set a $188.00 price target on Bel Fuse in a research note on Friday. Wall Street Zen upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Bel Fuse in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $164.20.Read Our Latest Stock Analysis on BELFBBel Fuse Stock PerformanceThe firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.86 and a beta of 1.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The firm has a 50 day moving average price of $144.68 and a 200-day moving average price of $111.82. Institutional Trading of Bel FuseSeveral hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock worth $68,654,000 after purchasing an additional 12,808 shares in the last quarter. American Century Companies Inc. raised its stake in Bel Fuse by 1.5% in the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker's stock valued at $26,735,000 after buying an additional 5,376 shares in the last quarter. Bessemer Group Inc. raised its stake in Bel Fuse by 28.3% in the second quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker's stock valued at $31,827,000 after buying an additional 71,895 shares in the last quarter. Geode Capital Management LLC raised its stake in Bel Fuse by 2.6% in the second quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker's stock valued at $31,451,000 after buying an additional 8,243 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in Bel Fuse by 33.6% in the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker's stock valued at $27,745,000 after buying an additional 71,390 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds. About Bel Fuse (Get Free Report)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.Read MoreFive stocks we like better than Bel FuseLarge Cap Stock Definition and How to Invest$134M in Insider Moves: What It Might Mean for KMI, ISRG and QSBest Stocks Under $10.00 3 Stocks Flashing Buy Signals With $8.5 Billion in BuybacksShould You Add These Warren Buffett Stocks to Your Portfolio?Freshpet Insiders Called the Bottom: Now It’s Time to BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bel Fuse Right Now?Before you consider Bel Fuse, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bel Fuse wasn't on the list.While Bel Fuse currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here