Bel Fuse FY2024 EPS Estimate Decreased by Northland Capmk

Bel Fuse Inc. (NASDAQ:BELFBFree Report) – Equities research analysts at Northland Capmk cut their FY2024 earnings per share estimates for shares of Bel Fuse in a research report issued to clients and investors on Monday, October 28th. Northland Capmk analyst B. Brooks now anticipates that the electronics maker will post earnings of $3.99 per share for the year, down from their previous forecast of $4.72. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Bel Fuse’s current full-year earnings is $4.52 per share.

Other equities research analysts have also issued reports about the stock. 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. Needham & Company LLC increased their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 25th.

View Our Latest Analysis on BELFB

Bel Fuse Trading Down 0.7 %

NASDAQ BELFB opened at $76.90 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The firm has a market cap of $970.48 million, a price-to-earnings ratio of 12.95 and a beta of 1.34. The firm has a 50 day simple moving average of $74.53 and a 200-day simple moving average of $68.19. Bel Fuse has a one year low of $45.74 and a one year high of $85.91.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is currently 4.71%.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in Bel Fuse during the first quarter worth about $1,532,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Bel Fuse in the 1st quarter valued at about $760,000. Truvestments Capital LLC acquired a new stake in shares of Bel Fuse in the first quarter valued at about $407,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Bel Fuse by 1,036.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock worth $922,000 after acquiring an additional 13,943 shares in the last quarter. Finally, Tectonic Advisors LLC increased its stake in Bel Fuse by 80.7% in the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after purchasing an additional 7,922 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

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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.

See Also

Earnings History and Estimates for Bel Fuse (NASDAQ:BELFB)

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