Bel Fuse (NASDAQ:BELFB) Upgraded at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other brokerages have also recently weighed in on BELFB. Needham & Company LLC reduced their target price on shares of Bel Fuse from $70.00 to $68.00 and set a buy rating for the company in a report on Monday, April 29th. Northland Securities lowered shares of Bel Fuse from an outperform rating to a market perform rating and set a $63.00 target price on the stock. in a research note on Thursday, May 2nd.

Bel Fuse Trading Down 0.4 %

Shares of BELFB opened at $64.97 on Friday. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The stock has a fifty day moving average of $64.20 and a two-hundred day moving average of $62.84. The company has a market capitalization of $819.92 million, a PE ratio of 10.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.22. The firm had revenue of $128.09 million for the quarter, compared to analyst estimates of $128.47 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. As a group, analysts forecast that Bel Fuse will post 4.39 EPS for the current year.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, July 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.43%. Bel Fuse’s payout ratio is 4.71%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of BELFB. DekaBank Deutsche Girozentrale boosted its holdings in shares of Bel Fuse by 142.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker’s stock worth $488,000 after buying an additional 4,867 shares in the last quarter. Comerica Bank increased its position in shares of Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Bel Fuse during the 1st quarter worth $407,000. Paragon Associates & Paragon Associates II Joint Venture bought a new position in Bel Fuse in the 1st quarter worth about $3,619,000. Finally, Roubaix Capital LLC bought a new position in Bel Fuse in the 1st quarter worth about $2,803,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.