Bel Fuse (NASDAQ:BELFB) Upgraded at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a report published on Saturday morning.

BELFB has been the topic of several other reports. 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 note on Thursday, May 2nd. Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a buy rating on the stock in a report on Monday, April 29th.

Bel Fuse Stock Down 0.4 %

BELFB stock opened at $64.97 on Friday. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The stock has a market cap of $819.92 million, a P/E ratio of 10.94 and a beta of 1.42. The company’s 50 day moving average is $64.20 and its two-hundred day moving average is $62.84. Bel Fuse has a twelve month low of $39.13 and a twelve month high of $74.75.

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

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.43%. Bel Fuse’s payout ratio is currently 4.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Steward Partners Investment Advisory LLC increased its stake in Bel Fuse by 4.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock worth $314,000 after acquiring an additional 200 shares during the period. Comerica Bank grew its position in shares of 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 last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of Bel Fuse by 1.1% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 55,464 shares of the electronics maker’s stock valued at $3,693,000 after buying an additional 619 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of 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 purchasing an additional 747 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in shares of Bel Fuse by 5.1% in the 4th quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock valued at $1,353,000 after purchasing an additional 976 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

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.