Bel Fuse (NASDAQ:BELFB) Lifted to Outperform at Northland Securities

Northland Securities upgraded shares of Bel Fuse (NASDAQ:BELFB - Free Report) from a market perform rating to an outperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $80.00 target price on the electronics maker's stock.

Several other brokerages also recently issued reports on BELFB. StockNews.com raised shares of Bel Fuse from a hold rating to a buy rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a buy rating in a research report on Friday, July 26th.

Bel Fuse Price Performance

Shares of BELFB stock traded up $0.42 during trading hours on Thursday, reaching $65.21. 49,587 shares of the company were exchanged, compared to its average volume of 97,366. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $76.09. The stock's fifty day moving average is $66.44 and its two-hundred day moving average is $62.96. The company has a market cap of $822.95 million, a price-to-earnings ratio of 10.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.58. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same period in the prior year, the business posted $1.95 earnings per share. Sell-side analysts forecast that Bel Fuse will post 4.52 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Tuesday, October 15th. Bel Fuse's dividend payout ratio is presently 4.71%.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beach Investment Counsel Inc. PA bought a new position in Bel Fuse in the 2nd quarter valued at about $25,000. Isthmus Partners LLC bought a new position in Bel Fuse in the 2nd quarter valued at about $39,000. Comerica Bank increased its holdings in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock valued at $45,000 after buying an additional 510 shares during the period. New York State Teachers Retirement System increased its holdings in Bel Fuse by 373.5% in the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock valued at $57,000 after buying an additional 747 shares during the period. Finally, National Bank of Canada FI bought a new position in Bel Fuse in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 58.39% of the company's stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.