Bel Fuse (NASDAQ:BELFB) Releases Earnings Results

Bel Fuse (NASDAQ:BELFB) issued its earnings results on Thursday. The electronics maker reported $0.03 earnings per share (EPS) for the quarter, Morningstar.com reports. The company had revenue of $127.42 million for the quarter. Bel Fuse had a net margin of 4.17% and a return on equity of 13.75%.

Bel Fuse stock traded down $2.08 during trading hours on Friday, hitting $11.42. The company had a trading volume of 148,144 shares, compared to its average volume of 35,829. The stock has a market capitalization of $201.99 million, a price-to-earnings ratio of 8.33 and a beta of 1.29. The company has a current ratio of 3.12, a quick ratio of 1.75 and a debt-to-equity ratio of 0.69. Bel Fuse has a one year low of $10.77 and a one year high of $29.00. The business’s 50-day moving average is $16.48.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.28 annualized dividend and a yield of 2.45%.

A number of equities research analysts have recently issued reports on BELFB shares. BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 14th. ValuEngine cut shares of Bel Fuse from a “hold” rating to a “sell” rating in a report on Monday, June 17th.

A number of institutional investors have recently added to or reduced their stakes in BELFB. Macquarie Group Ltd. increased its holdings in shares of Bel Fuse by 400.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,000 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 1,600 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of Bel Fuse during the fourth quarter worth approximately $51,000. BNP Paribas Arbitrage SA increased its holdings in shares of Bel Fuse by 506.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,044 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 1,707 shares during the period. Metropolitan Life Insurance Co NY bought a new position in shares of Bel Fuse during the first quarter worth approximately $84,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Bel Fuse during the first quarter worth approximately $116,000. 62.80% of the stock is currently owned by hedge funds and other institutional investors.

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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