Bel Fuse (NASDAQ:BELFB) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other research analysts also recently issued reports on the stock. Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, September 25th. BidaskClub upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Friday, August 24th.
Shares of NASDAQ:BELFB opened at $25.34 on Tuesday. Bel Fuse has a 12 month low of $17.10 and a 12 month high of $29.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.76 and a current ratio of 2.89. The stock has a market cap of $309.52 million, a price-to-earnings ratio of 21.66 and a beta of 0.90.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.18. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The firm had revenue of $146.49 million for the quarter.
A number of institutional investors have recently added to or reduced their stakes in BELFB. BlackRock Inc. lifted its position in Bel Fuse by 6.6% during the 2nd quarter. BlackRock Inc. now owns 1,421,073 shares of the electronics maker’s stock valued at $29,701,000 after purchasing an additional 87,361 shares during the period. Essex Investment Management Co. LLC acquired a new position in Bel Fuse during the 3rd quarter valued at about $2,023,000. Dimensional Fund Advisors LP lifted its position in Bel Fuse by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 814,107 shares of the electronics maker’s stock valued at $15,387,000 after purchasing an additional 17,082 shares during the period. Millennium Management LLC lifted its position in Bel Fuse by 21.7% during the 1st quarter. Millennium Management LLC now owns 87,300 shares of the electronics maker’s stock valued at $1,650,000 after purchasing an additional 15,560 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Bel Fuse by 35.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock valued at $498,000 after purchasing an additional 6,195 shares during the period. Institutional investors own 62.35% of the company’s stock.
About Bel Fuse
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.
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