Shares of Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 11,442 shares were traded during trading, an increase of 1% from the previous session's volume of 11,307 shares.The stock last traded at $68.41 and had previously closed at $66.05.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BELFA shares. Craig Hallum set a $115.00 price objective on Bel Fuse and gave the company a "buy" rating in a report on Tuesday, March 25th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research note on Monday.
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Bel Fuse Price Performance
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 firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 25.82 and a beta of 1.05. The business has a fifty day moving average of $66.19 and a two-hundred day moving average of $78.60.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. The firm had revenue of $152.24 million for the quarter, compared to analyst estimates of $148.60 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.
Bel Fuse Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is currently 7.36%.
Institutional Trading of Bel Fuse
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after purchasing an additional 223 shares during the last quarter. Barclays PLC grew its stake in Bel Fuse by 13.5% in the fourth quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock valued at $237,000 after acquiring an additional 312 shares during the period. Northern Trust Corp grew its stake in Bel Fuse by 1.9% in the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock valued at $1,586,000 after acquiring an additional 323 shares during the period. Bank of America Corp DE grew its stake in Bel Fuse by 41.8% in the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock valued at $148,000 after acquiring an additional 486 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after purchasing an additional 767 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors.
About Bel Fuse
(
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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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