TheStreet upgraded shares of Bel Fuse Inc. (NASDAQ:BELFA) from a c rating to a b- rating in a report published on Friday morning.

Bel Fuse (NASDAQ BELFA) opened at 24.98 on Friday. The stock has a 50 day moving average price of $21.53 and a 200 day moving average price of $22.12. Bel Fuse has a 1-year low of $16.70 and a 1-year high of $26.97. The stock has a market cap of $300.08 million, a PE ratio of 8.16 and a beta of 0.89.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Thursday, August 3rd. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.22. The firm had revenue of $131.62 million during the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. On average, analysts predict that Bel Fuse will post $1.50 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th were given a $0.06 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.98%. Bel Fuse’s payout ratio is 17.91%.

An institutional investor recently bought a new position in Bel Fuse stock. Russell Investments Group Ltd. bought a new position in Bel Fuse Inc. (NASDAQ:BELFA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,001 shares of the scientific and technical instruments company’s stock, valued at approximately $146,000. Russell Investments Group Ltd. owned 0.06% of Bel Fuse as of its most recent filing with the SEC. Institutional investors and hedge funds own 8.10% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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