StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.
A number of other analysts also recently weighed in on the stock. Northland Securities lowered shares of Bel Fuse from an outperform rating to a market perform rating and set a $63.00 price target for the company. in a research note on Thursday, May 2nd. Needham & Company LLC dropped their price target on Bel Fuse from $70.00 to $68.00 and set a buy rating on the stock in a research report on Monday, April 29th.
Read Our Latest Stock Analysis on BELFB
Bel Fuse Stock Performance
Bel Fuse (NASDAQ:BELFB – Get Free Report) last posted its earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $128.09 million during the quarter, compared to analyst estimates of $128.47 million. Equities research analysts predict that Bel Fuse will post 4.39 earnings per share for the current year.
Bel Fuse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.07 dividend. 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%.
Hedge Funds Weigh In On Bel Fuse
Several large investors have recently modified their holdings of BELFB. Quadrature Capital Ltd bought a new stake in shares of Bel Fuse during the 4th quarter worth approximately $1,061,000. International Assets Investment Management LLC purchased a new stake in shares of Bel Fuse during the fourth quarter valued at $6,041,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after purchasing an additional 21,047 shares during the last quarter. GW&K Investment Management LLC purchased a new position in Bel Fuse in the 4th quarter worth about $12,537,000. Finally, Victory Capital Management Inc. lifted its holdings in Bel Fuse by 130.4% during the 4th quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock valued at $404,000 after buying an additional 3,428 shares in the last quarter. Institutional investors 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.
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