Bel Fuse (NASDAQ:BELFB) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum began coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $115.00 price objective on the electronics maker’s stock.

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer began coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price for the company. Finally, Needham & Company LLC raised their target price on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $103.75.

Bel Fuse Stock Down 0.1 %

BELFB opened at $77.30 on Tuesday. The firm has a market cap of $969.26 million, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The business has a 50 day moving average price of $80.25 and a 200 day moving average price of $79.71. Bel Fuse has a twelve month low of $53.74 and a twelve month high of $92.61.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Research analysts forecast that Bel Fuse will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 8.56%.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFB. Janus Henderson Group PLC lifted its position in shares of Bel Fuse by 55.4% in the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after acquiring an additional 141,951 shares during the period. American Century Companies Inc. lifted its position in Bel Fuse by 10.6% in the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after purchasing an additional 33,768 shares during the period. Advisory Research Inc. boosted its stake in Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after buying an additional 67,460 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bel Fuse by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock valued at $24,088,000 after buying an additional 2,722 shares during the period. Finally, Portolan Capital Management LLC raised its stake in shares of Bel Fuse by 72.5% in the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after buying an additional 87,612 shares in the last quarter. 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 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.