Bel Fuse (NASDAQ:BELFB) released its earnings results on Thursday. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02), MarketWatch Earnings reports. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The business had revenue of $142.73 million during the quarter.
Shares of NASDAQ:BELFB traded down $0.21 during trading on Friday, reaching $25.40. The stock had a trading volume of 4,225 shares, compared to its average volume of 21,959. The company has a current ratio of 2.89, a quick ratio of 1.76 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $324.03 million, a P/E ratio of 21.12 and a beta of 1.23. Bel Fuse has a 52 week low of $16.58 and a 52 week high of $29.00.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Bel Fuse by 3.1% in the fourth quarter. BlackRock Inc. now owns 1,491,791 shares of the electronics maker’s stock valued at $27,479,000 after purchasing an additional 44,453 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Bel Fuse by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 829,269 shares of the electronics maker’s stock worth $15,275,000 after acquiring an additional 2,265 shares during the period. Vanguard Group Inc grew its holdings in Bel Fuse by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 616,323 shares of the electronics maker’s stock worth $16,332,000 after acquiring an additional 18,201 shares during the period. Renaissance Technologies LLC grew its holdings in Bel Fuse by 3.8% during the 3rd quarter. Renaissance Technologies LLC now owns 516,500 shares of the electronics maker’s stock worth $13,687,000 after acquiring an additional 18,800 shares during the period. Finally, Boston Partners grew its holdings in Bel Fuse by 1.5% during the 4th quarter. Boston Partners now owns 236,204 shares of the electronics maker’s stock worth $4,351,000 after acquiring an additional 3,379 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. BidaskClub downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. ValuEngine raised Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th.
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About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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