Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Rating of “Buy” from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned an average rating of “Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $102.50.

Several analysts have issued reports on the stock. Needham & Company LLC decreased their price target on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Craig Hallum assumed coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Bel Fuse Stock Performance

Shares of BELFB opened at $80.28 on Wednesday. The company has a market capitalization of $1.02 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. Bel Fuse has a one year low of $58.00 and a one year high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company’s fifty day moving average price is $71.64 and its 200 day moving average price is $77.71.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. As a group, analysts expect that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.14%.

Institutional Trading of Bel Fuse

Several institutional investors have recently made changes to their positions in BELFB. Vanguard Group Inc. boosted its position in Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after buying an additional 12,808 shares in the last quarter. Janus Henderson Group PLC boosted its position in Bel Fuse by 55.4% in the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock valued at $32,821,000 after buying an additional 141,951 shares in the last quarter. American Century Companies Inc. boosted its position 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. Advisory Research Inc. boosted its position in Bel Fuse by 27.4% in the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock valued at $25,850,000 after buying an additional 67,460 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Bel Fuse by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock valued at $24,088,000 after buying an additional 2,722 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

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.