Northland Capmk Predicts Bel Fuse FY2024 Earnings

Bel Fuse Inc. (NASDAQ:BELFB) – Stock analysts at Northland Capmk issued their FY2024 earnings per share (EPS) estimates for shares of Bel Fuse in a note issued to investors on Tuesday, December 17th. Northland Capmk analyst B. Brooks anticipates that the electronics maker will post earnings per share of $4.19 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 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 report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Needham & Company LLC lifted their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Trading Down 0.1 %

BELFB opened at $83.78 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 19.22 and a beta of 1.33. The company has a fifty day moving average price of $80.66 and a two-hundred day moving average price of $72.89. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $92.61.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Bel Fuse by 277.2% during the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after buying an additional 123,092 shares during the period. Portolan Capital Management LLC boosted its position in shares of Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock valued at $9,489,000 after acquiring an additional 66,621 shares during the last quarter. Isthmus Partners LLC purchased a new position in shares of Bel Fuse during the second quarter worth about $39,000. Hodges Capital Management Inc. bought a new position in shares of Bel Fuse in the second quarter worth approximately $3,346,000. Finally, American Century Companies Inc. raised its stake in Bel Fuse by 11.6% in the second quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock valued at $18,024,000 after purchasing an additional 28,649 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Insider Activity at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This represents a 9.18 % 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 business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is presently 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.