Northland Capmk Predicts Bel Fuse FY2024 Earnings

Bel Fuse Inc. (NASDAQ:BELFB) – Northland Capmk issued their FY2024 earnings estimates for shares of Bel Fuse in a research report issued to clients and investors on Tuesday, December 17th. Northland Capmk analyst B. Brooks expects that the electronics maker will earn $4.19 per share for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.18 per share. Northland Capmk also issued estimates for Bel Fuse’s Q4 2024 earnings at $0.78 EPS.

BELFB has been the topic of a number of other reports. Northland Securities increased their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Oppenheimer initiated coverage on shares of Bel Fuse in a research note on Tuesday. They set an “outperform” rating and a $105.00 price objective on the stock. Needham & Company LLC lifted their target price on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Stock Performance

Shares of BELFB opened at $83.88 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of 19.24 and a beta of 1.33. The business’s fifty day moving average price is $80.65 and its 200 day moving average price is $72.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the company. Legato Capital Management LLC acquired a new position in shares of Bel Fuse in the second quarter worth about $757,000. Principal Financial Group Inc. raised its holdings in Bel Fuse by 10.5% during the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after buying an additional 823 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock worth $1,094,000 after buying an additional 787 shares during the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Bel Fuse during the 2nd quarter worth about $3,346,000. Finally, Roubaix Capital LLC boosted its stake in shares of Bel Fuse by 19.0% during the 2nd quarter. Roubaix Capital LLC now owns 55,330 shares of the electronics maker’s stock worth $3,610,000 after acquiring an additional 8,849 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

Insider Buying and Selling at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse’s payout ratio is currently 6.42%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.