Bel Fuse (NASDAQ:BELFB) Upgraded by Zacks Investment Research to Strong-Buy

Zacks Investment Research upgraded shares of Bel Fuse (NASDAQ:BELFBGet Rating) from a hold rating to a strong-buy rating in a report published on Wednesday morning, Zacks.com reports. The firm currently has $19.00 price objective on the electronics maker’s stock.

According to Zacks, “Bel Fuse Inc. designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The company has a strong track record of technical innovation working with the engineering teams of market leaders. Bel has consistently proven to be a valuable supplier to the foremost companies in its chosen industries by developing cost effective solutions for the challenges of new product development. “

Other analysts also recently issued research reports about the stock. Needham & Company LLC upped their price target on shares of Bel Fuse from $21.00 to $25.00 and gave the company a buy rating in a report on Monday, February 28th. StockNews.com started coverage on Bel Fuse in a research note on Thursday, March 31st. They issued a buy rating on the stock.

Shares of BELFB stock opened at $17.92 on Wednesday. The stock has a fifty day moving average price of $17.17 and a 200 day moving average price of $14.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 3.05. The stock has a market cap of $224.36 million, a PE ratio of 8.37 and a beta of 1.44. Bel Fuse has a 1 year low of $10.58 and a 1 year high of $20.64.

Bel Fuse (NASDAQ:BELFBGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The electronics maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.17. Bel Fuse had a return on equity of 13.73% and a net margin of 4.69%. During the same period in the previous year, the company earned ($0.23) earnings per share. As a group, equities research analysts predict that Bel Fuse will post 2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 15th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, April 13th. Bel Fuse’s payout ratio is 13.08%.

Several large investors have recently bought and sold shares of BELFB. Metropolitan Life Insurance Co NY purchased a new stake in shares of Bel Fuse in the first quarter valued at $84,000. Advisor Group Holdings Inc. grew its holdings in Bel Fuse by 704.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock valued at $65,000 after buying an additional 3,169 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Bel Fuse during the 1st quarter valued at about $87,000. Victory Capital Management Inc. lifted its holdings in shares of Bel Fuse by 25.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,954 shares of the electronics maker’s stock worth $77,000 after acquiring an additional 1,191 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Bel Fuse in the third quarter worth approximately $124,000. 49.11% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse (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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