Bel Fuse Inc. (BELFA) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Bel Fuse Inc. (NASDAQ:BELFA) from a c rating to a b- rating in a research report sent to investors on Friday, August 4th.

Bel Fuse (NASDAQ BELFA) opened at 23.20 on Friday. Bel Fuse has a one year low of $18.19 and a one year high of $26.97. The stock has a market capitalization of $279.40 million, a PE ratio of 16.41 and a beta of 0.89. The company’s 50-day moving average price is $22.23 and its 200-day moving average price is $22.00.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.22. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. The firm had revenue of $131.62 million during the quarter. Equities research analysts predict that Bel Fuse will post $1.50 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is presently 17.91%.

An institutional investor recently bought a new position in Bel Fuse stock. Russell Investments Group Ltd. bought a new stake in Bel Fuse Inc. (NASDAQ:BELFA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,001 shares of the scientific and technical instruments company’s stock, valued at approximately $146,000. Russell Investments Group Ltd. owned 0.06% of Bel Fuse as of its most recent SEC filing. Institutional investors own 8.10% of the company’s stock.

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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