Bel Fuse (BELFB) Announces Quarterly Earnings Results

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Bel Fuse (NASDAQ:BELFB) released its quarterly earnings results on Thursday. The electronics maker reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08), MarketWatch Earnings reports. The company had revenue of $125.39 million for the quarter. Bel Fuse had a return on equity of 11.85% and a net margin of 3.78%.

Bel Fuse stock traded up $0.45 during mid-day trading on Friday, hitting $22.50. 119 shares of the company were exchanged, compared to its average volume of 23,207. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.74. The company has a market capitalization of $305.59 million, a price-to-earnings ratio of 14.19 and a beta of 1.23. Bel Fuse has a 12-month low of $16.58 and a 12-month high of $29.00.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, April 12th.

A number of institutional investors have recently added to or reduced their stakes in BELFB. Bank of New York Mellon Corp grew its position in shares of Bel Fuse by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 145,485 shares of the electronics maker’s stock valued at $3,856,000 after purchasing an additional 4,539 shares during the period. BlackRock Inc. grew its position in shares of Bel Fuse by 1.8% in the third quarter. BlackRock Inc. now owns 1,447,338 shares of the electronics maker’s stock valued at $38,354,000 after purchasing an additional 26,265 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bel Fuse by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 827,004 shares of the electronics maker’s stock valued at $21,916,000 after purchasing an additional 4,506 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Bel Fuse in the third quarter valued at $195,000. Finally, Morgan Stanley grew its position in shares of Bel Fuse by 24.2% in the third quarter. Morgan Stanley now owns 91,947 shares of the electronics maker’s stock valued at $2,436,000 after purchasing an additional 17,900 shares during the period. 58.56% of the stock is owned by institutional investors.

Separately, BidaskClub downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.

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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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Earnings History for Bel Fuse (NASDAQ:BELFB)

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