Bel Fuse Inc. (NASDAQ:BELFB) Given Average Recommendation of "Buy" by Brokerages

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has been given an average rating of "Buy" by the five brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $102.50.

Several analysts have weighed in on BELFB shares. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. Needham & Company LLC dropped their target price on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the company. CWM LLC raised its holdings in Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse during the 4th quarter worth approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Bel Fuse by 40.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after buying an additional 854 shares during the period. Aristides Capital LLC purchased a new position in shares of Bel Fuse during the 1st quarter valued at approximately $225,000. Finally, ProShare Advisors LLC purchased a new position in shares of Bel Fuse during the 4th quarter valued at approximately $240,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Up 3.5%

BELFB stock opened at $76.68 on Friday. The stock has a market capitalization of $971.31 million, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. Bel Fuse has a 52 week low of $58.00 and a 52 week high of $92.61. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $70.94 and a 200 day moving average of $77.39.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. Sell-side analysts forecast that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio is currently 8.14%.

About Bel Fuse

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.

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