Bel Fuse (NASDAQ:BELFB) Coverage Initiated by Analysts at Craig Hallum

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

Several other research firms also recently commented on BELFB. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $103.75.

Bel Fuse Stock Up 0.4 %

Shares of NASDAQ BELFB opened at $77.45 on Tuesday. The stock has a market capitalization of $971.15 million, a P/E ratio of 23.69, a PEG ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse has a one year low of $53.74 and a one year high of $92.61. The firm’s 50 day simple moving average is $80.35 and its two-hundred day simple moving average is $79.74.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period in the prior year, the business posted $1.29 EPS. As a group, analysts expect that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Announces Dividend

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

Institutional Trading of Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFB. KLP Kapitalforvaltning AS purchased a new stake in shares of Bel Fuse in the 4th quarter worth about $148,000. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares during the period. ProShare Advisors LLC bought a new position in Bel Fuse in the fourth quarter worth about $240,000. Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse in the third quarter worth about $288,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in Bel Fuse in the fourth quarter worth about $298,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.