Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

Several other brokerages have also commented on BELFB. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Needham & Company LLC increased their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Northland Securities boosted their price target on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st.

Bel Fuse Stock Down 0.5 %

Shares of Bel Fuse stock opened at $73.80 on Friday. The firm has a market cap of $926.04 million, a price-to-earnings ratio of 16.93 and a beta of 1.35. The stock has a 50-day simple moving average of $75.29 and a 200-day simple moving average of $68.69. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $85.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.38%. Bel Fuse’s payout ratio is presently 6.42%.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently made changes to their positions in the business. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse during the 2nd quarter valued at $25,000. Isthmus Partners LLC acquired a new position in shares of Bel Fuse during the second quarter valued at about $39,000. nVerses Capital LLC bought a new stake in shares of Bel Fuse in the third quarter valued at about $39,000. Comerica Bank grew its position in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after buying an additional 510 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Bel Fuse during the third quarter valued at about $200,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.