Robert W. Baird Initiates Coverage on Bel Fuse (NASDAQ:BELFB)

Investment analysts at Robert W. Baird assumed coverage on shares of Bel Fuse (NASDAQ:BELFB - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $88.00 price target on the electronics maker's stock. Robert W. Baird's target price would indicate a potential upside of 2.14% from the company's previous close.

BELFB has been the subject of several other research reports. Wall Street Zen downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target for the company. Finally, Needham & Company LLC cut their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $99.60.

Bel Fuse Stock Down 0.3%

Shares of BELFB traded down $0.23 during mid-day trading on Tuesday, reaching $86.16. 269,397 shares of the stock traded hands, compared to its average volume of 81,999. The stock has a fifty day simple moving average of $72.64 and a 200 day simple moving average of $77.52. Bel Fuse has a 12-month low of $58.00 and a 12-month 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 market cap of $1.09 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.24 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released 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. The firm had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. Sell-side analysts expect that Bel Fuse will post 4.63 EPS for the current fiscal year.

Institutional Trading of Bel Fuse

Several hedge funds have recently bought and sold shares of the company. CWM LLC raised its stake in Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse during the fourth quarter valued at $148,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after purchasing an additional 854 shares in the last quarter. Aristides Capital LLC acquired a new stake in Bel Fuse in the first quarter worth about $225,000. Finally, ProShare Advisors LLC acquired a new stake in Bel Fuse in the fourth quarter worth about $240,000. 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.