Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

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

Other research analysts also recently issued research reports about the company. Northland Capmk raised Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC raised their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

BELFB stock traded down $1.27 during trading on Friday, reaching $74.15. 122,695 shares of the company were exchanged, compared to its average volume of 93,200. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The stock's 50 day moving average price is $75.13 and its 200 day moving average price is $68.48. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $85.91. The company has a market cap of $930.58 million, a P/E ratio of 17.01 and a beta of 1.34.

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of Bel Fuse in the 1st quarter valued at $1,532,000. Truvestments Capital LLC acquired a new position in Bel Fuse in the first quarter valued at $407,000. Allspring Global Investments Holdings LLC boosted its holdings in Bel Fuse by 1,036.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker's stock valued at $922,000 after acquiring an additional 13,943 shares during the last quarter. Tectonic Advisors LLC grew its position in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker's stock valued at $1,393,000 after acquiring an additional 7,922 shares during the period. Finally, Empowered Funds LLC increased its stake in Bel Fuse by 8.2% during the first quarter. Empowered Funds LLC now owns 18,560 shares of the electronics maker's stock worth $1,119,000 after acquiring an additional 1,400 shares during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

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.