Bel Fuse, Inc. (NASDAQ:BELFB) has earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Zacks has also assigned Bel Fuse an industry rank of 162 out of 255 based on the ratings given to related companies.
Separately, BidaskClub cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th.
Several hedge funds and other institutional investors have recently modified their holdings of BELFB. Macquarie Group Ltd. grew its position in Bel Fuse by 400.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,000 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 1,600 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Bel Fuse during the 4th quarter valued at about $51,000. Oregon Public Employees Retirement Fund purchased a new stake in Bel Fuse during the 4th quarter valued at about $71,000. Acadian Asset Management LLC purchased a new stake in Bel Fuse during the 3rd quarter valued at about $113,000. Finally, ClariVest Asset Management LLC grew its position in Bel Fuse by 53.9% during the 4th quarter. ClariVest Asset Management LLC now owns 8,751 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 3,064 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Shares of Bel Fuse stock traded up $1.54 on Friday, hitting $26.76. 65,224 shares of the company’s stock traded hands, compared to its average volume of 23,731. The stock has a market capitalization of $326.76 million, a price-to-earnings ratio of 15.10 and a beta of 1.28. Bel Fuse has a one year low of $16.58 and a one year high of $29.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.74.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, February 21st. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $142.73 million during the quarter. Bel Fuse had a net margin of 3.78% and a return on equity of 11.85%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, April 12th.
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.
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