Shares of Bel Fuse, Inc. (NASDAQ:BELFB) have received an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Zacks has also given Bel Fuse an industry rank of 210 out of 256 based on the ratings given to its competitors.
Several brokerages recently issued reports on BELFB. ValuEngine lowered shares of Bel Fuse from a “hold” rating to a “sell” rating in a report on Friday, October 12th. BidaskClub lowered Bel Fuse from a “hold” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, Needham & Company LLC upgraded Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 25th.
Shares of BELFB traded up $0.02 during trading hours on Wednesday, hitting $18.52. The company had a trading volume of 192 shares, compared to its average volume of 11,675. The company has a market cap of $233.64 million, a P/E ratio of 15.23 and a beta of 1.07. The company has a current ratio of 2.89, a quick ratio of 1.76 and a debt-to-equity ratio of 0.65. Bel Fuse has a 52-week low of $16.58 and a 52-week high of $29.00.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.18. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The firm had revenue of $146.49 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, January 14th.
In other Bel Fuse news, VP Craig Brosious sold 1,600 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $25.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $24.83, for a total value of $74,490.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock worth $178,090. Company insiders own 5.37% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BELFB. BlackRock Inc. increased its position in shares of Bel Fuse by 1.8% during the 3rd quarter. BlackRock Inc. now owns 1,447,338 shares of the electronics maker’s stock worth $38,354,000 after purchasing an additional 26,265 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bel Fuse by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 827,004 shares of the electronics maker’s stock worth $21,916,000 after purchasing an additional 4,506 shares during the last quarter. Vanguard Group Inc increased its position in shares of Bel Fuse by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 616,323 shares of the electronics maker’s stock worth $16,332,000 after purchasing an additional 18,201 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Bel Fuse by 3.8% during the 3rd quarter. Renaissance Technologies LLC now owns 516,500 shares of the electronics maker’s stock worth $13,687,000 after purchasing an additional 18,800 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of Bel Fuse by 3.4% during the 3rd quarter. Foundry Partners LLC now owns 151,290 shares of the electronics maker’s stock worth $4,009,000 after purchasing an additional 4,940 shares during the last quarter. Institutional investors and hedge funds own 58.72% of the company’s stock.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
Featured Story: Short Selling
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.