Analysts Issue Forecasts for Bel Fuse FY2024 Earnings

Bel Fuse Inc. (NASDAQ:BELFB - Free Report) - Research analysts at Northland Capmk issued their FY2024 earnings estimates for shares of Bel Fuse in a research note issued on Tuesday, December 17th. Northland Capmk analyst B. Brooks forecasts that the electronics maker will post earnings per share of $4.19 for the year. Northland Capmk has a "Strong-Buy" rating on the stock. The consensus estimate for Bel Fuse's current full-year earnings is $4.18 per share. Northland Capmk also issued estimates for Bel Fuse's Q4 2024 earnings at $0.78 EPS.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, November 18th. StockNews.com downgraded shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. Northland Securities lifted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, October 1st. Finally, Oppenheimer assumed coverage on Bel Fuse in a report on Tuesday. They set an "outperform" rating and a $105.00 target price on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Bel Fuse has an average rating of "Buy" and a consensus price target of $98.33.

Bel Fuse Trading Down 0.1 %

Shares of BELFB stock traded down $0.10 during mid-day trading on Friday, reaching $83.78. The stock had a trading volume of 99,215 shares, compared to its average volume of 89,369. The firm has a market capitalization of $1.05 billion, a PE ratio of 19.22 and a beta of 1.33. The stock's 50-day moving average price is $80.66 and its two-hundred day moving average price is $72.83. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $92.61.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Bel Fuse by 1.3% during the second quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker's stock valued at $20,215,000 after acquiring an additional 4,027 shares during the period. Geode Capital Management LLC grew its position in shares of Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker's stock worth $22,716,000 after purchasing an additional 6,250 shares in the last quarter. American Century Companies Inc. raised its stake in Bel Fuse by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker's stock valued at $18,024,000 after purchasing an additional 28,649 shares during the period. Janus Henderson Group PLC lifted its holdings in Bel Fuse by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker's stock worth $20,109,000 after purchasing an additional 25,607 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Bel Fuse by 7.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker's stock worth $14,093,000 after purchasing an additional 12,007 shares during the period. Hedge funds and other institutional investors own 58.39% of the company's stock.

Insider Buying and Selling

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now directly owns 14,832 shares of the company's stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by corporate insiders.

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 paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. Bel Fuse's dividend payout ratio (DPR) is currently 6.42%.

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.