Zacks: Bel Fuse, Inc. (BELFB) Receives Consensus Rating of “Buy” from Analysts
Bel Fuse, Inc. (NASDAQ:BELFB) has received an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.
Zacks has also given Bel Fuse an industry rank of 169 out of 257 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on the stock. ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. BidaskClub cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 25th.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Bel Fuse by 6.6% during the 2nd quarter. BlackRock Inc. now owns 1,421,073 shares of the electronics maker’s stock valued at $29,701,000 after acquiring an additional 87,361 shares during the period. Essex Investment Management Co. LLC acquired a new stake in Bel Fuse during the 3rd quarter valued at approximately $2,023,000. Dimensional Fund Advisors LP lifted its stake in Bel Fuse by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 814,107 shares of the electronics maker’s stock valued at $15,387,000 after acquiring an additional 17,082 shares during the period. Millennium Management LLC lifted its stake in Bel Fuse by 21.7% during the 1st quarter. Millennium Management LLC now owns 87,300 shares of the electronics maker’s stock valued at $1,650,000 after acquiring an additional 15,560 shares during the period. Finally, Polaris Capital Management LLC lifted its stake in Bel Fuse by 15.7% during the 3rd quarter. Polaris Capital Management LLC now owns 111,100 shares of the electronics maker’s stock valued at $2,944,000 after acquiring an additional 15,100 shares during the period. Institutional investors own 62.35% of the company’s stock.
NASDAQ BELFB traded up $0.32 during trading on Friday, reaching $25.73. 18,807 shares of the company’s stock traded hands, compared to its average volume of 20,829. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.76 and a current ratio of 2.89. Bel Fuse has a 12-month low of $17.10 and a 12-month high of $29.40. The company has a market capitalization of $305.92 million, a price-to-earnings ratio of 21.40 and a beta of 0.90.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.18. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The firm had revenue of $146.49 million for the quarter.
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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