Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president now owns 12,155 shares in the company, valued at $1,021,384.65. This represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bel Fuse Stock Up 3.0%
Shares of NASDAQ:BELFB traded up $2.56 during trading on Monday, hitting $88.72. The company's stock had a trading volume of 148,769 shares, compared to its average volume of 82,433. Bel Fuse Inc. has a fifty-two week low of $58.00 and a fifty-two week high of $92.61. The business has a 50 day moving average price of $73.17 and a two-hundred day moving average price of $77.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The company has a market capitalization of $1.12 billion, a PE ratio of 27.13, a P/E/G ratio of 1.24 and a beta of 1.45.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The firm had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. As a group, research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.
Bel Fuse Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.27%. Bel Fuse's dividend payout ratio (DPR) is 8.14%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse during the fourth quarter worth approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Bel Fuse by 40.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after buying an additional 854 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at $225,000. Finally, ProShare Advisors LLC purchased a new position in shares of Bel Fuse in the 4th quarter valued at $240,000. Hedge funds and other institutional investors own 58.39% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on BELFB shares. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Robert W. Baird assumed coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price on the stock. Wall Street Zen lowered Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC cut their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of "Buy" and an average target price of $99.60.
Check Out Our Latest Stock Report on BELFB
Bel Fuse Company Profile
(
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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.
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