Bel Fuse (NASDAQ:BELFB) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

BELFB has been the topic of several other research reports. Needham & Company LLC cut their price target on Bel Fuse from $70.00 to $68.00 and set a buy rating on the stock in a research note on Monday, April 29th. Northland Securities cut Bel Fuse from an outperform rating to a market perform rating and set a $63.00 price objective on the stock. in a research report on Thursday, May 2nd.

Bel Fuse Stock Down 0.2 %

Shares of NASDAQ:BELFB opened at $68.90 on Tuesday. Bel Fuse has a 1 year low of $39.13 and a 1 year high of $74.75. The company has a market cap of $869.52 million, a PE ratio of 11.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The stock’s 50-day moving average is $65.47 and its 200 day moving average is $62.98.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The company had revenue of $128.09 million for the quarter, compared to the consensus estimate of $128.47 million. Sell-side analysts anticipate that Bel Fuse will post 4.39 EPS for the current year.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.41%. The ex-dividend date is Monday, July 15th. Bel Fuse’s payout ratio is currently 4.71%.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently modified their holdings of BELFB. American Century Companies Inc. grew its holdings in Bel Fuse by 29.8% in the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock worth $8,109,000 after purchasing an additional 39,046 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Bel Fuse in the third quarter worth $59,000. Vanguard Group Inc. grew its holdings in Bel Fuse by 4.8% in the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock worth $32,293,000 after purchasing an additional 30,752 shares during the last quarter. Range Financial Group LLC purchased a new position in Bel Fuse in the fourth quarter worth $712,000. Finally, Ritholtz Wealth Management grew its holdings in Bel Fuse by 5.1% in the fourth quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock worth $1,353,000 after purchasing an additional 976 shares during the last quarter. Institutional investors 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.