Bel Fuse (NASDAQ:BELFB) Now Covered by Craig Hallum

Craig Hallum began coverage on shares of Bel Fuse (NASDAQ:BELFB) in a report published on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $115.00 target price on the electronics maker’s stock.

BELFB has been the subject of several other research reports. Needham & Company LLC upped their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $103.75.

Bel Fuse Stock Performance

Shares of BELFB opened at $77.45 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse has a one year low of $53.74 and a one year high of $92.61. The stock has a 50-day moving average of $80.35 and a 200-day moving average of $79.74. The company has a market cap of $971.15 million, a PE ratio of 23.69, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. During the same quarter last year, the firm posted $1.29 EPS. On average, equities research analysts predict that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.36%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in BELFB. KLP Kapitalforvaltning AS bought a new position in Bel Fuse in the 4th quarter valued at $148,000. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares during the period. ProShare Advisors LLC purchased a new position in Bel Fuse during the fourth quarter worth about $240,000. Kovitz Investment Group Partners LLC bought a new position in Bel Fuse in the 3rd quarter worth about $288,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Bel Fuse in the 4th quarter valued at about $298,000. 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.