Bel Fuse, Inc. (NASDAQ:BELFB) has been assigned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.
Brokerages have set a 12 month consensus target price of $16.00 for the company, according to Zacks. Zacks has also assigned Bel Fuse an industry rank of 48 out of 255 based on the ratings given to related companies.
Several brokerages have recently weighed in on BELFB. Needham & Company LLC began coverage on shares of Bel Fuse in a research note on Wednesday, September 11th. They set a “buy” rating and a $16.00 price target for the company. ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th.
NASDAQ BELFB traded up $0.36 during trading hours on Tuesday, reaching $14.17. 51,475 shares of the company’s stock were exchanged, compared to its average volume of 37,664. The company’s 50-day moving average is $14.01 and its two-hundred day moving average is $16.92. Bel Fuse has a one year low of $9.03 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 3.23. The company has a market capitalization of $166.38 million, a price-to-earnings ratio of 9.72 and a beta of 1.49.
Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Thursday, August 1st. The electronics maker reported $0.03 earnings per share (EPS) for the quarter. Bel Fuse had a return on equity of 9.48% and a net margin of 3.59%. The business had revenue of $127.42 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, October 14th.
In other Bel Fuse news, Director Peter E. Gilbert purchased 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $10.52 per share, with a total value of $52,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.37% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of BELFB. BlackRock Inc. raised its stake in Bel Fuse by 0.8% in the second quarter. BlackRock Inc. now owns 1,506,590 shares of the electronics maker’s stock valued at $25,868,000 after purchasing an additional 11,238 shares in the last quarter. Vanguard Group Inc. raised its stake in Bel Fuse by 6.8% in the second quarter. Vanguard Group Inc. now owns 754,706 shares of the electronics maker’s stock valued at $12,958,000 after purchasing an additional 47,808 shares in the last quarter. Invesco Ltd. raised its stake in Bel Fuse by 42.1% in the second quarter. Invesco Ltd. now owns 145,510 shares of the electronics maker’s stock valued at $2,498,000 after purchasing an additional 43,112 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in Bel Fuse in the second quarter valued at about $1,390,000. Finally, Wedge Capital Management L L P NC raised its stake in Bel Fuse by 11.2% in the second quarter. Wedge Capital Management L L P NC now owns 58,336 shares of the electronics maker’s stock valued at $1,002,000 after purchasing an additional 5,862 shares in the last quarter. 62.52% of the stock is owned by institutional investors.
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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