Bel Fuse (NASDAQ:BELFB) Downgraded by StockNews.com to "Buy"

StockNews.com cut shares of Bel Fuse (NASDAQ:BELFB - Free Report) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

A number of other equities analysts also recently weighed in on BELFB. Northland Securities boosted their target price on Bel Fuse from $80.00 to $95.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 1st. Northland Capmk upgraded Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC upped their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $74.15 on Friday. Bel Fuse has a twelve month low of $45.74 and a twelve month high of $85.91. The stock's 50 day moving average price is $74.97 and its 200-day moving average price is $68.30. The company has a market capitalization of $930.58 million, a PE ratio of 17.01 and a beta of 1.34. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. Bel Fuse's payout ratio is currently 6.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BELFB. Renaissance Technologies LLC raised its stake in Bel Fuse by 1.3% in the second quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker's stock worth $20,215,000 after buying an additional 4,027 shares in the last quarter. American Century Companies Inc. raised its holdings in Bel Fuse by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker's stock worth $18,024,000 after acquiring an additional 28,649 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Bel Fuse by 277.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker's stock worth $10,927,000 after acquiring an additional 123,092 shares during the last quarter. Roubaix Capital LLC raised its stake in Bel Fuse by 16.4% during the 3rd quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker's stock valued at $5,056,000 after buying an additional 9,069 shares during the last quarter. Finally, Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in Bel Fuse during the 1st quarter valued at $3,619,000. Institutional investors own 58.39% of the company's stock.

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.