Northland Capmk Decreases Earnings Estimates for Bel Fuse

Bel Fuse Inc. (NASDAQ:BELFB) – Investment analysts at Northland Capmk lowered their FY2024 earnings per share estimates for shares of Bel Fuse in a research report issued on Monday, October 28th. Northland Capmk analyst B. Brooks now expects that the electronics maker will earn $3.99 per share for the year, down from their previous estimate of $4.72. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.52 per share.

A number of other research firms also recently commented on BELFB. Needham & Company LLC increased their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th. Finally, Northland Securities increased their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Bel Fuse Price Performance

BELFB stock opened at $75.42 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The firm has a market capitalization of $946.37 million, a P/E ratio of 17.30 and a beta of 1.34. The business’s 50-day moving average is $74.76 and its two-hundred day moving average is $68.25. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $85.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in Bel Fuse by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 41,059 shares of the electronics maker’s stock worth $3,224,000 after acquiring an additional 1,029 shares during the period. Roubaix Capital LLC grew its holdings in Bel Fuse by 16.4% during the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock worth $5,056,000 after acquiring an additional 9,069 shares during the period. Pinnacle Associates Ltd. grew its holdings in Bel Fuse by 168.0% during the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after acquiring an additional 22,995 shares during the period. Tectonic Advisors LLC grew its holdings in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after acquiring an additional 7,922 shares during the period. Finally, nVerses Capital LLC acquired a new position in Bel Fuse during the third quarter worth $39,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

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.