Bel Fuse (NASDAQ:BELFB) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a hold rating in a research note published on Wednesday.

BELFB has been the topic of a number of other reports. Needham & Company LLC cut their target price on Bel Fuse from $77.00 to $70.00 and set a buy rating on the stock in a research note on Friday, February 23rd. Northland Securities assumed coverage on Bel Fuse in a research note on Thursday, January 11th. They issued an outperform rating and a $83.00 target price on the stock.

Bel Fuse Stock Performance

Shares of BELFB opened at $58.99 on Wednesday. The business’s fifty day moving average price is $60.97 and its 200 day moving average price is $57.76. Bel Fuse has a 12-month low of $30.11 and a 12-month high of $74.75. The stock has a market capitalization of $752.71 million, a PE ratio of 10.12 and a beta of 1.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. Equities research analysts forecast that Bel Fuse will post 4.7 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse’s payout ratio is 4.80%.

Insider Buying and Selling at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the sale, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $29,000. Lazard Asset Management LLC increased its holdings in shares of Bel Fuse by 1,481.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 1,719 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at about $33,000. UBS Group AG increased its holdings in shares of Bel Fuse by 105.1% in the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 1,052 shares during the period. Finally, Citigroup Inc. acquired a new position in shares of Bel Fuse in the 1st quarter valued at about $39,000. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.