Bel Fuse Inc. (NASDAQ:BELFB) Given Average Recommendation of “Buy” by Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $102.50.

Several research analysts recently commented on BELFB shares. Needham & Company LLC reduced their price objective on Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Craig Hallum initiated coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target on the stock.

Bel Fuse Trading Up 3.5%

Shares of Bel Fuse stock opened at $76.68 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse has a twelve month low of $58.00 and a twelve month high of $92.61. The firm has a market capitalization of $971.31 million, a PE ratio of 23.45, a P/E/G ratio of 1.24 and a beta of 1.45. The firm’s 50-day moving average price is $70.94 and its 200 day moving average price is $77.39.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.50. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. On average, sell-side analysts predict that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s payout ratio is currently 8.14%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently bought and sold shares of BELFB. NEOS Investment Management LLC acquired a new stake in Bel Fuse during the fourth quarter worth $752,000. Paragon Associates & Paragon Associates II Joint Venture grew its holdings in shares of Bel Fuse by 7.9% during the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker’s stock worth $5,608,000 after purchasing an additional 5,000 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth about $371,000. Franklin Resources Inc. raised its holdings in Bel Fuse by 106.1% in the 4th quarter. Franklin Resources Inc. now owns 10,876 shares of the electronics maker’s stock valued at $897,000 after buying an additional 5,600 shares during the period. Finally, Portolan Capital Management LLC lifted its position in Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after buying an additional 87,612 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.