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

Bel Fuse Inc. (NASDAQ:BELFB) has received a consensus recommendation of “Buy” from the five analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $103.75.

Several research firms recently weighed in on BELFB. Oppenheimer started coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Needham & Company LLC raised their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Craig Hallum began coverage on shares of Bel Fuse in a report on Tuesday. They issued a “buy” rating and a $115.00 target price on the stock. Finally, StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Brown Advisory Inc. acquired a new position in shares of Bel Fuse in the 4th quarter worth approximately $11,807,000. Janus Henderson Group PLC raised its stake in Bel Fuse by 55.4% during the fourth 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 in the last quarter. Portolan Capital Management LLC lifted its holdings in shares of Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after acquiring an additional 87,612 shares during the period. Potrero Capital Research LLC boosted its stake in shares of Bel Fuse by 107.1% in the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock valued at $12,039,000 after purchasing an additional 75,483 shares in the last quarter. Finally, Advisory Research Inc. grew its holdings in shares of Bel Fuse by 27.4% in the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after purchasing an additional 67,460 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Down 0.1 %

BELFB stock traded down $0.10 during mid-day trading on Tuesday, hitting $77.08. The stock had a trading volume of 19,154 shares, compared to its average volume of 79,353. Bel Fuse has a 1-year low of $53.74 and a 1-year high of $92.61. The company has a fifty day moving average of $80.37 and a 200 day moving average of $79.64. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $966.44 million, a price-to-earnings ratio of 23.57, a PEG ratio of 1.24 and a beta of 1.12.

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 the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same period in the previous year, the business posted $1.29 EPS. On average, equities analysts expect that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

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

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.