Northland Capmk Weighs in on Bel Fuse FY2024 Earnings

Bel Fuse Inc. (NASDAQ:BELFB) – Stock analysts at Northland Capmk issued their FY2024 earnings estimates for shares of Bel Fuse in a note issued to investors on Tuesday, December 17th. Northland Capmk analyst B. Brooks anticipates that the electronics maker will post earnings per share of $4.19 for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.18 per share. Northland Capmk also issued estimates for Bel Fuse’s Q4 2024 earnings at $0.78 EPS.

A number of other analysts have also recently issued reports on BELFB. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday. They issued an “outperform” rating and a $105.00 target price for the company. Northland Securities increased their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Needham & Company LLC upped their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $98.33.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $83.78 on Friday. The stock’s 50-day moving average is $80.66 and its two-hundred day moving average is $72.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 19.22 and a beta of 1.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Isthmus Partners LLC acquired a new stake in Bel Fuse during the 2nd quarter valued at $39,000. nVerses Capital LLC purchased a new stake in Bel Fuse during the 3rd quarter worth about $39,000. BNP Paribas Financial Markets raised its stake in Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC purchased a new position in Bel Fuse in the 3rd quarter valued at about $200,000. Finally, One Wealth Advisors LLC purchased a new position in Bel Fuse in the 3rd quarter valued at about $227,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the insider now owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. Bel Fuse’s payout ratio is 6.42%.

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.