Bel Fuse (NASDAQ:BELFB) Issues Quarterly Earnings Results, Beats Expectations By $0.17 EPS

Bel Fuse (NASDAQ:BELFBGet Rating) issued its quarterly earnings results on Wednesday. The electronics maker reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.17, MarketWatch Earnings reports. Bel Fuse had a net margin of 4.57% and a return on equity of 10.23%. During the same quarter in the prior year, the company earned ($0.23) EPS.

Shares of BELFB opened at $17.75 on Friday. The stock’s 50-day moving average price is $16.77 and its 200-day moving average price is $14.22. The company has a quick ratio of 1.69, a current ratio of 2.94 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $222.19 million, a price-to-earnings ratio of 8.92 and a beta of 1.49. Bel Fuse has a 52 week low of $10.58 and a 52 week high of $22.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, April 13th. Bel Fuse’s dividend payout ratio (DPR) is presently 14.07%.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Bel Fuse by 2.3% in the 4th quarter. BlackRock Inc. now owns 268,235 shares of the electronics maker’s stock valued at $3,468,000 after purchasing an additional 6,044 shares during the last quarter. Morgan Stanley lifted its position in shares of Bel Fuse by 26.9% during the 2nd quarter. Morgan Stanley now owns 100,749 shares of the electronics maker’s stock worth $1,451,000 after buying an additional 21,344 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bel Fuse by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 108,880 shares of the electronics maker’s stock worth $1,407,000 after buying an additional 2,036 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Bel Fuse by 185.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 69,456 shares of the electronics maker’s stock valued at $898,000 after acquiring an additional 45,160 shares during the period. Finally, Citadel Advisors LLC increased its holdings in shares of Bel Fuse by 38.9% in the 4th quarter. Citadel Advisors LLC now owns 61,388 shares of the electronics maker’s stock valued at $793,000 after acquiring an additional 17,178 shares during the period. Institutional investors and hedge funds own 51.35% of the company’s stock.

A number of research firms have recently weighed in on BELFB. Zacks Investment Research upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, March 3rd. StockNews.com began coverage on Bel Fuse in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Needham & Company LLC lifted their price target on shares of Bel Fuse from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, February 28th.

Bel Fuse Company Profile (Get Rating)

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, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

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Earnings History for Bel Fuse (NASDAQ:BELFB)

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