BidaskClub lowered shares of Bel Fuse Inc. (NASDAQ:BELFB) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning.
Shares of Bel Fuse (NASDAQ:BELFB) opened at 25.65 on Friday. The stock has a market capitalization of $308.90 million, a P/E ratio of 18.14 and a beta of 0.85. The firm has a 50-day moving average price of $25.93 and a 200-day moving average price of $25.31. Bel Fuse has a 52-week low of $21.09 and a 52-week high of $33.60.
Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.25. The business had revenue of $131.62 million during the quarter. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. On average, analysts predict that Bel Fuse will post $1.44 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be paid a $0.07 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.09%. Bel Fuse’s dividend payout ratio (DPR) is 20.59%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Bel Fuse by 16.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock valued at $219,000 after buying an additional 1,272 shares in the last quarter. State Street Corp increased its position in shares of Bel Fuse by 6.2% in the second quarter. State Street Corp now owns 294,537 shares of the electronics maker’s stock valued at $7,278,000 after buying an additional 17,083 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Bel Fuse during the second quarter valued at $210,000. Parametric Portfolio Associates LLC increased its position in shares of Bel Fuse by 46.1% in the second quarter. Parametric Portfolio Associates LLC now owns 26,633 shares of the electronics maker’s stock valued at $658,000 after buying an additional 8,403 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Bel Fuse by 4.3% in the second quarter. Vanguard Group Inc. now owns 464,998 shares of the electronics maker’s stock valued at $11,486,000 after buying an additional 18,985 shares in the last quarter. 60.59% of the stock is owned by institutional investors.
Bel Fuse Company Profile
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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