Bel Fuse, Inc. (NASDAQ:BELFB) has been given an average broker rating score of 2.00 (Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Zacks has also assigned Bel Fuse an industry rank of 157 out of 255 based on the ratings given to its competitors.
Separately, BidaskClub downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, February 21st. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.02). Bel Fuse had a net margin of 3.78% and a return on equity of 11.85%. The company had revenue of $142.73 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, April 12th.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Bel Fuse by 3.1% during the 4th quarter. BlackRock Inc. now owns 1,491,791 shares of the electronics maker’s stock worth $27,479,000 after buying an additional 44,453 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Bel Fuse by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 829,269 shares of the electronics maker’s stock worth $15,275,000 after buying an additional 2,265 shares during the period. Vanguard Group Inc raised its stake in shares of Bel Fuse by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 616,323 shares of the electronics maker’s stock worth $16,332,000 after buying an additional 18,201 shares during the period. Renaissance Technologies LLC raised its stake in shares of Bel Fuse by 3.8% during the 3rd quarter. Renaissance Technologies LLC now owns 516,500 shares of the electronics maker’s stock worth $13,687,000 after buying an additional 18,800 shares during the period. Finally, Boston Partners raised its stake in shares of Bel Fuse by 1.5% during the 4th quarter. Boston Partners now owns 236,204 shares of the electronics maker’s stock worth $4,351,000 after buying an additional 3,379 shares during the period. 58.74% 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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