Bel Fuse Inc. (NASDAQ:BELFB) Given Consensus Rating of "Buy" by Analysts

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

Several research firms have weighed in on BELFB. Craig Hallum began coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective on the stock. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC dropped their price target 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.

Bel Fuse Stock Down 1.9%

Bel Fuse stock traded down $1.50 during trading on Wednesday, hitting $76.19. 89,143 shares of the company were exchanged, compared to its average volume of 79,657. The business's 50 day moving average is $71.57 and its 200 day moving average is $77.73. Bel Fuse has a 52 week low of $58.00 and a 52 week high of $92.61. The company has a market capitalization of $965.10 million, a P/E ratio of 23.30, a PEG ratio of 1.24 and a beta of 1.50. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

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

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. Bel Fuse's dividend payout ratio is currently 8.14%.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker's stock valued at $459,000 after purchasing an additional 240 shares during the last quarter. Bosun Asset Management LLC increased its position in shares of Bel Fuse by 6.4% during the 1st quarter. Bosun Asset Management LLC now owns 21,442 shares of the electronics maker's stock valued at $1,605,000 after purchasing an additional 1,289 shares during the last quarter. Apis Capital Advisors LLC increased its position in shares of Bel Fuse by 67.2% during the 1st quarter. Apis Capital Advisors LLC now owns 21,400 shares of the electronics maker's stock valued at $1,602,000 after purchasing an additional 8,600 shares during the last quarter. Expect Equity LLC increased its position in shares of Bel Fuse by 6.8% during the 1st quarter. Expect Equity LLC now owns 33,211 shares of the electronics maker's stock valued at $2,486,000 after purchasing an additional 2,120 shares during the last quarter. Finally, State of Wyoming grew its position in Bel Fuse by 189.9% during the 1st quarter. State of Wyoming now owns 4,114 shares of the electronics maker's stock worth $308,000 after acquiring an additional 2,695 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

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.