Bel Fuse (BELFB) Cut to Sell at BidaskClub

BidaskClub downgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a sell rating in a research note released on Friday morning, BidAskClub reports.

NASDAQ:BELFB opened at $23.11 on Friday. Bel Fuse has a twelve month low of $16.58 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.12 and a quick ratio of 1.61. The company has a market cap of $296.95 million, a price-to-earnings ratio of 11.63 and a beta of 1.22.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, May 2nd. The electronics maker reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Bel Fuse had a return on equity of 13.75% and a net margin of 4.17%. The firm had revenue of $125.39 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, April 12th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of Bel Fuse by 4.6% in the 1st quarter. Comerica Bank now owns 9,990 shares of the electronics maker’s stock valued at $259,000 after buying an additional 439 shares during the last quarter. Rhumbline Advisers raised its stake in Bel Fuse by 1.6% in the 1st quarter. Rhumbline Advisers now owns 29,368 shares of the electronics maker’s stock valued at $742,000 after acquiring an additional 449 shares during the period. California Public Employees Retirement System raised its stake in Bel Fuse by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 27,387 shares of the electronics maker’s stock valued at $504,000 after acquiring an additional 525 shares during the period. Legal & General Group Plc raised its stake in Bel Fuse by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 20,914 shares of the electronics maker’s stock valued at $553,000 after acquiring an additional 1,175 shares during the period. Finally, Arizona State Retirement System raised its stake in Bel Fuse by 8.7% in the 4th quarter. Arizona State Retirement System now owns 15,511 shares of the electronics maker’s stock valued at $286,000 after acquiring an additional 1,240 shares during the period. 58.56% of the stock is owned by institutional investors.

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.

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