StockNews.com Downgrades Bel Fuse (NASDAQ:BELFB) to Hold

StockNews.com lowered shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other analysts also recently issued reports on the company. Oppenheimer initiated coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC lifted their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $100.00.

Bel Fuse Trading Up 1.8 %

BELFB opened at $86.07 on Thursday. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 2.71. The business has a fifty day moving average price of $81.82 and a 200 day moving average price of $77.45.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the previous year, the firm earned $1.29 earnings per share. Sell-side analysts expect that Bel Fuse will post 5.65 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is currently 8.56%.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in Bel Fuse during the 4th quarter worth approximately $517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bel Fuse by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker’s stock worth $1,670,000 after acquiring an additional 4,204 shares during the period. Tema Etfs LLC acquired a new stake in Bel Fuse during the 4th quarter worth approximately $702,000. Potrero Capital Research LLC lifted its position in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock worth $12,039,000 after acquiring an additional 75,483 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in Bel Fuse during the 4th quarter worth approximately $240,000. 58.39% of the stock is owned by hedge funds and other 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.