Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has earned an average recommendation of "Buy" from the five brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $103.75.
Several research analysts have recently weighed in on BELFB shares. Craig Hallum started coverage on shares of Bel Fuse in a report on Tuesday. They set a "buy" rating and a $115.00 price objective on the stock. Needham & Company LLC increased their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Oppenheimer initiated coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price objective for the company. Finally, StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.
Check Out Our Latest Stock Analysis on BELFB
Bel Fuse Trading Down 4.0 %
NASDAQ BELFB traded down $3.10 during mid-day trading on Tuesday, reaching $74.20. 92,954 shares of the stock were exchanged, compared to its average volume of 78,789. The stock has a market capitalization of $930.39 million, a PE ratio of 22.69, a PEG ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. Bel Fuse has a 1-year low of $53.74 and a 1-year high of $92.61. The business's fifty day simple moving average is $80.13 and its 200 day simple moving average is $79.78.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released 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 net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the previous year, the company posted $1.29 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Bel Fuse's dividend payout ratio (DPR) is 8.56%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Bel Fuse by 15.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker's stock valued at $8,934,000 after acquiring an additional 15,296 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Bel Fuse in the third quarter valued at $1,677,000. Truvestments Capital LLC grew its holdings in Bel Fuse by 11.8% during the 3rd quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker's stock valued at $739,000 after purchasing an additional 990 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock worth $172,000 after buying an additional 200 shares during the period. Finally, Martingale Asset Management L P lifted its holdings in Bel Fuse by 5.3% in the 3rd quarter. Martingale Asset Management L P now owns 19,951 shares of the electronics maker's stock worth $1,566,000 after buying an additional 999 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.
About Bel Fuse
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Get Free ReportBel 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.
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