Bel Fuse Inc. (NASDAQ:BELFB) Receives $103.75 Average PT from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have received a consensus recommendation of “Buy” from the five research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $103.75.

A number of equities research analysts have recently commented on the company. Craig Hallum started coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker’s stock worth $347,000 after acquiring an additional 4,574 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Bel Fuse during the fourth quarter worth $4,552,000. Mackenzie Financial Corp purchased a new position in shares of Bel Fuse in the fourth quarter valued at $517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $1,670,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Tema Etfs LLC purchased a new stake in Bel Fuse during the 4th quarter worth $702,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $66.76 on Friday. Bel Fuse has a 12-month low of $56.02 and a 12-month high of $92.61. The firm has a market cap of $837.10 million, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company’s 50-day moving average is $75.55 and its two-hundred day moving average is $78.99. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The firm had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period in the previous year, the company posted $1.29 EPS. Research analysts expect that Bel Fuse will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

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.