Bel Fuse (NASDAQ:BELFB) Coverage Initiated at Craig Hallum

Research analysts at Craig Hallum began coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $115.00 price target on the electronics maker’s stock. Craig Hallum’s price target suggests a potential upside of 49.02% from the company’s previous close.

Other research analysts have also issued reports about the company. Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Oppenheimer initiated coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Finally, StockNews.com lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $103.75.

Bel Fuse Trading Up 4.9 %

Shares of BELFB stock opened at $77.17 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse has a twelve month low of $53.74 and a twelve month high of $92.61. The company’s 50-day moving average price is $80.37 and its 200-day moving average price is $79.64. The stock has a market cap of $967.63 million, a price-to-earnings ratio of 23.60, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the previous year, the firm earned $1.29 earnings per share. As a group, equities analysts predict that Bel Fuse will post 4.63 earnings per share for the current year.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of BELFB. KLP Kapitalforvaltning AS purchased a new position in Bel Fuse in the 4th quarter valued at approximately $148,000. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the period. ProShare Advisors LLC acquired a new position in Bel Fuse during the 4th quarter worth $240,000. Integrated Quantitative Investments LLC purchased a new stake in Bel Fuse during the 4th quarter worth about $298,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at about $288,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.