Shares of Bel Fuse, Inc. (NASDAQ:BELFB) have received a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Zacks has also given Bel Fuse an industry rank of 169 out of 257 based on the ratings given to its competitors.
Several analysts recently weighed in on BELFB shares. ValuEngine upgraded Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC upgraded 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. Finally, BidaskClub upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research note on Friday, August 24th.
In other Bel Fuse news, insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $24.83, for a total value of $74,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $25.44, for a total value of $63,600.00. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Bel Fuse during the 3rd quarter valued at $113,000. Cim Investment Mangement Inc. acquired a new stake in Bel Fuse during the 3rd quarter valued at $250,000. Schwab Charles Investment Management Inc. increased its holdings in Bel Fuse by 35.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock valued at $498,000 after purchasing an additional 6,195 shares in the last quarter. California Public Employees Retirement System increased its holdings in Bel Fuse by 17.4% during the 1st quarter. California Public Employees Retirement System now owns 26,648 shares of the electronics maker’s stock valued at $504,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Millennium Management LLC increased its holdings 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 purchasing an additional 15,560 shares in the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.
BELFB stock traded up $0.32 during mid-day trading on Friday, hitting $25.73. The stock had a trading volume of 18,807 shares, compared to its average volume of 20,829. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. Bel Fuse has a 1-year low of $17.10 and a 1-year high of $29.40. The firm has a market cap of $305.92 million, a P/E ratio of 21.40 and a beta of 0.90.
Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Thursday, November 1st. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.18. The company had revenue of $146.49 million for the quarter. Bel Fuse had a positive return on equity of 8.59% and a negative net margin of 0.78%.
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.
Recommended Story: Understanding the different types of bonds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.