StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB – Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday.
Several other analysts have also recently weighed in on BELFB. Northland Securities raised their price objective on shares of Bel Fuse from $63.00 to $80.00 and gave the company a market perform rating in a research report on Tuesday, July 30th. Needham & Company LLC lifted their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 26th.
View Our Latest Stock Report on BELFB
Bel Fuse Price Performance
Bel Fuse (NASDAQ:BELFB – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million during the quarter, compared to analyst estimates of $130.27 million. During the same period in the previous year, the business earned $1.95 EPS. As a group, sell-side analysts predict that Bel Fuse will post 4.52 earnings per share for the current fiscal year.
Bel Fuse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.44%. The ex-dividend date is Tuesday, October 15th. Bel Fuse’s dividend payout ratio is presently 4.71%.
Institutional Investors Weigh In On Bel Fuse
Hedge funds and other institutional investors have recently modified their holdings of the stock. Roubaix Capital LLC raised its holdings in Bel Fuse by 19.0% during the 2nd quarter. Roubaix Capital LLC now owns 55,330 shares of the electronics maker’s stock valued at $3,610,000 after buying an additional 8,849 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Bel Fuse during the second quarter worth about $3,346,000. Rhumbline Advisers grew its stake in shares of Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock worth $1,094,000 after purchasing an additional 787 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Bel Fuse by 10.5% during the 2nd quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after purchasing an additional 823 shares during the period. Finally, Legato Capital Management LLC bought a new position in Bel Fuse during the 2nd quarter valued at approximately $757,000. 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.
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