Northland Capmk Decreases Earnings Estimates for Bel Fuse

Bel Fuse Inc. (NASDAQ:BELFB) – Equities research analysts at Northland Capmk reduced their FY2024 earnings estimates for shares of Bel Fuse in a research note issued to investors on Monday, October 28th. Northland Capmk analyst B. Brooks now forecasts that the electronics maker will earn $3.99 per share for the year, down from their previous forecast of $4.72. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.16 per share.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Northland Securities raised their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Finally, Needham & Company LLC raised their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $74.15 on Thursday. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $85.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The stock has a market capitalization of $930.58 million, a PE ratio of 17.01 and a beta of 1.34. The company’s 50 day simple moving average is $74.97 and its two-hundred day simple moving average is $68.30.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its holdings in Bel Fuse by 277.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after acquiring an additional 123,092 shares during the last quarter. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in Bel Fuse in the 1st quarter worth approximately $3,619,000. Isthmus Partners LLC bought a new stake in shares of Bel Fuse in the 2nd quarter worth approximately $39,000. Hodges Capital Management Inc. purchased a new position in shares of Bel Fuse during the second quarter valued at approximately $3,346,000. Finally, Roubaix Capital LLC purchased a new position in shares of Bel Fuse during the first quarter valued at approximately $2,803,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is currently 6.42%.

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.