Bel Fuse Inc. (NASDAQ:BELFB) Given Average Recommendation of “Buy” by Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has earned an average recommendation of “Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $102.50.

A number of research analysts have recently commented on BELFB shares. Needham & Company LLC lowered their price target on Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Craig Hallum started coverage on Bel Fuse in a report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target on the stock. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Bel Fuse Stock Performance

Bel Fuse stock opened at $74.96 on Wednesday. The stock has a 50 day moving average of $71.56 and a 200-day moving average of $77.74. Bel Fuse has a 52 week low of $58.00 and a 52 week high of $92.61. The stock has a market cap of $949.52 million, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The firm had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. On average, analysts expect that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.32%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.14%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CWM LLC boosted its stake in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Bel Fuse in the fourth quarter valued at about $148,000. ProShare Advisors LLC acquired a new position in Bel Fuse in the fourth quarter valued at about $240,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Bel Fuse by 40.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock valued at $222,000 after buying an additional 854 shares during the period. Finally, Aristides Capital LLC acquired a new position in Bel Fuse in the first quarter valued at about $225,000. 58.39% of the stock is currently 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.