StockNews.com Upgrades Bel Fuse (NASDAQ:BELFB) to Buy

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 morning.

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

Bel Fuse Trading Down 3.0 %

Shares of BELFB stock opened at $63.46 on Tuesday. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The firm’s 50 day moving average price is $63.23 and its two-hundred day moving average price is $62.49. The stock has a market cap of $800.87 million, a price-to-earnings ratio of 10.68 and a beta of 1.39. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17.

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

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is 4.71%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BELFB. Swiss National Bank bought a new stake in shares of Bel Fuse in the third quarter worth $1,117,000. WINTON GROUP Ltd bought a new stake in shares of Bel Fuse in the 3rd quarter worth about $287,000. ClariVest Asset Management LLC increased its position in shares of Bel Fuse by 11.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 14,832 shares of the electronics maker’s stock worth $708,000 after purchasing an additional 1,500 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in shares of Bel Fuse by 812.6% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 32,262 shares of the electronics maker’s stock valued at $1,540,000 after purchasing an additional 28,727 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Bel Fuse by 26.5% during the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock worth $48,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.