Litchfield Hills Research Research Analysts Reduce Earnings Estimates for Bel Fuse Inc. (NASDAQ:BELFB)

Bel Fuse Inc. (NASDAQ:BELFBGet Rating) – Equities researchers at Litchfield Hills Research decreased their Q3 2022 earnings estimates for shares of Bel Fuse in a research report issued to clients and investors on Friday, July 29th. Litchfield Hills Research analyst T. O�Neill now forecasts that the electronics maker will post earnings per share of $0.67 for the quarter, down from their prior forecast of $0.71. The consensus estimate for Bel Fuse’s current full-year earnings is $2.04 per share. Litchfield Hills Research also issued estimates for Bel Fuse’s Q4 2022 earnings at $0.49 EPS and Q4 2023 earnings at $0.68 EPS.

Separately, Needham & Company LLC raised their price objective on shares of Bel Fuse from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $24.73 on Monday. The company has a market capitalization of $309.57 million, a PE ratio of 11.56 and a beta of 1.38. The company has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 3.05. Bel Fuse has a fifty-two week low of $11.58 and a fifty-two week high of $25.37.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, July 14th. Bel Fuse’s dividend payout ratio (DPR) is currently 13.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BELFB. Lazard Asset Management LLC grew its holdings in Bel Fuse by 1,481.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock valued at $32,000 after buying an additional 1,719 shares in the last quarter. UBS Group AG grew its holdings in shares of Bel Fuse by 105.1% during the first quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 1,052 shares in the last quarter. Dorsey Wright & Associates purchased a new position in shares of Bel Fuse during the second quarter worth about $41,000. Advisor Group Holdings Inc. grew its holdings in shares of Bel Fuse by 704.2% during the first quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 3,169 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Bel Fuse by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,954 shares of the electronics maker’s stock worth $77,000 after purchasing an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 49.11% of the company’s stock.

Bel Fuse Company Profile

(Get Rating)

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, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.

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