Bel Fuse (NASDAQ:BELFB) Lowered to “Sell” at ValuEngine

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ValuEngine lowered shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a sell rating in a report published on Monday, June 17th, ValuEngine reports.

Separately, BidaskClub lowered Bel Fuse from a sell rating to a strong sell rating in a research note on Tuesday, May 14th.

NASDAQ:BELFB traded down $0.59 on Monday, hitting $16.54. 19,300 shares of the stock were exchanged, compared to its average volume of 26,467. The stock has a market capitalization of $205.68 million, a PE ratio of 8.67 and a beta of 1.31. Bel Fuse has a fifty-two week low of $15.85 and a fifty-two week high of $29.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.75 and a current ratio of 3.12. The business has a fifty day moving average of $18.10.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, July 12th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Bel Fuse by 3.1% during the 4th quarter. BlackRock Inc. now owns 1,491,791 shares of the electronics maker’s stock worth $27,479,000 after acquiring an additional 44,453 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bel Fuse by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 829,269 shares of the electronics maker’s stock worth $15,275,000 after acquiring an additional 2,265 shares in the last quarter. Boston Partners boosted its position in shares of Bel Fuse by 2.5% in the first quarter. Boston Partners now owns 242,188 shares of the electronics maker’s stock worth $6,123,000 after buying an additional 5,984 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in shares of Bel Fuse by 1.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 197,464 shares of the electronics maker’s stock worth $3,637,000 after buying an additional 2,313 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Bel Fuse by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 104,532 shares of the electronics maker’s stock worth $1,925,000 after buying an additional 7,154 shares during the period. 62.84% of the stock is 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, 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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