Bel Fuse (NASDAQ:BELFB) Upgraded to “Strong-Buy” by Northland Capmk

Bel Fuse (NASDAQ:BELFB) was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks.com reports.

BELFB has been the subject of a number of other reports. StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Securities upgraded shares of Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $65.21 on Thursday. The firm has a 50-day simple moving average of $66.44 and a 200-day simple moving average of $62.96. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $822.95 million, a price-to-earnings ratio of 10.98 and a beta of 1.41. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $76.09.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same period last year, the company posted $1.95 EPS. On average, equities analysts predict that Bel Fuse will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of Bel Fuse in the 4th quarter valued at $1,061,000. Russell Investments Group Ltd. purchased a new stake in Bel Fuse during the first quarter worth about $1,532,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Bel Fuse during the first quarter worth about $760,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after purchasing an additional 21,047 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Bel Fuse in the first quarter valued at approximately $407,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.