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

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $103.75.

Several equities research analysts have weighed in on the stock. Oppenheimer began coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday. They issued a “buy” rating and a $115.00 price objective for the company. Needham & Company LLC upped their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. KLP Kapitalforvaltning AS acquired a new position in Bel Fuse during the fourth quarter valued at approximately $148,000. BNP Paribas Financial Markets grew its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares during the period. ProShare Advisors LLC bought a new stake in shares of Bel Fuse in the 4th quarter valued at $240,000. Integrated Quantitative Investments LLC acquired a new stake in Bel Fuse during the 4th quarter worth $298,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Bel Fuse during the third quarter worth about $288,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Shares of BELFB traded down $0.10 on Tuesday, hitting $77.08. The company’s stock had a trading volume of 19,154 shares, compared to its average volume of 79,353. The company has a market capitalization of $966.44 million, a PE ratio of 23.57, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse has a fifty-two week low of $53.74 and a fifty-two week high of $92.61. The company has a 50 day moving average price of $80.37 and a 200 day moving average price of $79.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same quarter in the previous year, the company posted $1.29 EPS. On average, research analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is presently 8.56%.

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.