Bel Fuse Inc. (BELFA) Raised to B- at 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 morning.

Shares of Bel Fuse (NASDAQ:BELFA) opened at 24.98 on Friday. The stock’s 50 day moving average price is $21.53 and its 200 day moving average price is $22.12. Bel Fuse has a 12 month low of $16.70 and a 12 month high of $26.97. The stock has a market capitalization of $300.08 million, a price-to-earnings ratio of 8.16 and a beta of 0.89.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Thursday, August 3rd. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping 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. Analysts expect that Bel Fuse will post $1.50 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, July 12th. Bel Fuse’s dividend payout ratio is currently 17.91%.

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

About Bel Fuse

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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