Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $66.40, but opened at $59.91. Bel Fuse shares last traded at $63.44, with a volume of 1,185 shares.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.
Check Out Our Latest Stock Report on BELFA
Bel Fuse Stock Performance
The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a market cap of $783.69 million, a PE ratio of 20.23 and a beta of 0.99. The firm has a 50 day moving average price of $71.84 and a 200 day moving average price of $85.73.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.99 by $0.29. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $148.60 million.
Bel Fuse Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.38%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio is presently 7.36%.
Institutional Trading of Bel Fuse
Several large investors have recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company's stock worth $2,498,000 after purchasing an additional 2,876 shares during the period. Barclays PLC increased its stake in shares of Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after purchasing an additional 1,701 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bel Fuse by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock worth $3,351,000 after purchasing an additional 2,778 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock valued at $6,720,000 after buying an additional 66,027 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Bel Fuse by 58.1% during the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock worth $2,704,000 after buying an additional 11,031 shares in the last quarter. Hedge funds and other institutional investors own 6.01% of the company's stock.
Bel Fuse Company Profile
(
Get Free Report)
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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