Bel Fuse (BELFB) Issues Earnings Results

Bel Fuse (NASDAQ:BELFB) announced its quarterly earnings data on Thursday. The electronics maker reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.18, MarketWatch Earnings reports. Bel Fuse had a positive return on equity of 6.31% and a negative net margin of 2.06%. The company had revenue of $146.49 million for the quarter.

BELFB stock opened at $25.77 on Friday. Bel Fuse has a 12-month low of $17.10 and a 12-month high of $30.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.90 and a quick ratio of 1.80. The company has a market cap of $264.24 million, a PE ratio of 25.58 and a beta of 0.90.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Monday, October 15th were given a dividend of $0.07 per share. The ex-dividend date was Friday, October 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.09%.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Bel Fuse by 1.1% during the 1st quarter. BlackRock Inc. now owns 1,333,712 shares of the electronics maker’s stock worth $25,207,000 after purchasing an additional 14,876 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Bel Fuse by 17.4% during the 1st quarter. California Public Employees Retirement System now owns 26,648 shares of the electronics maker’s stock worth $504,000 after purchasing an additional 3,948 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bel Fuse by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 814,107 shares of the electronics maker’s stock worth $15,387,000 after purchasing an additional 17,082 shares during the last quarter. Millennium Management LLC raised its position in shares of Bel Fuse by 21.7% during the 1st quarter. Millennium Management LLC now owns 87,300 shares of the electronics maker’s stock worth $1,650,000 after purchasing an additional 15,560 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Bel Fuse by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,946 shares of the electronics maker’s stock worth $2,945,000 after purchasing an additional 2,678 shares during the last quarter. Institutional investors own 62.36% of the company’s stock.

A number of equities research analysts have recently issued reports on BELFB shares. BidaskClub upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, September 25th.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

Further Reading: Dividend

Earnings History for Bel Fuse (NASDAQ:BELFB)

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