Bel Fuse (BELFB) to Release Quarterly Earnings on Wednesday
by Renee Jackson · The Cerbat GemBel Fuse (NASDAQ:BELFB – Get Free Report) will likely be posting its results after the market closes on Wednesday, April 29th. Analysts expect Bel Fuse to announce earnings of $1.92 per share and revenue of $182.3540 million for the quarter.
Bel Fuse Stock Down 9.3%
Shares of Bel Fuse stock opened at $250.96 on Tuesday. Bel Fuse has a one year low of $65.02 and a one year high of $278.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The stock’s 50-day moving average is $222.38 and its 200 day moving average is $191.44. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 2.81 and a beta of 1.56.
Bel Fuse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse’s payout ratio is 5.70%.
Analysts Set New Price Targets
Several brokerages have recently commented on BELFB. Northland Securities set a $266.00 price objective on shares of Bel Fuse in a research report on Thursday, February 19th. Needham & Company LLC boosted their target price on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings lowered shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.50.
Check Out Our Latest Stock Report on BELFB
Insider Buying and Selling
In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Bel Fuse
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in Bel Fuse by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after purchasing an additional 79 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Bel Fuse by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after buying an additional 100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after buying an additional 116 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Bel Fuse in the 4th quarter worth approximately $33,000. Finally, Verition Fund Management LLC boosted its stake in shares of Bel Fuse by 5.2% in the 3rd quarter. Verition Fund Management LLC now owns 4,058 shares of the electronics maker’s stock worth $572,000 after buying an additional 200 shares during the last quarter. 58.39% of the stock is owned by institutional investors.
Bel Fuse Company Profile
Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.
Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.