Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $89.38, but opened at $94.07. Bel Fuse shares last traded at $93.39, with a volume of 2,008 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on BELFA shares. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research note on Monday, June 9th. Craig Hallum set a $115.00 target price on shares of Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.
Get Our Latest Analysis on BELFA
Bel Fuse Stock Performance
The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 28.06 and a beta of 1.15. The stock has a 50 day moving average price of $77.71 and a two-hundred day moving average price of $76.99.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. Bel Fuse had a net margin of 7.69% and a return on equity of 18.47%. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million.
Bel Fuse Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio is currently 7.36%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of 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. Bank of America Corp DE grew its position 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 purchasing an additional 486 shares in the last quarter. Rhumbline Advisers increased its stake in Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after buying an additional 767 shares during the last quarter. Barclays PLC lifted its position in Bel Fuse by 13.5% during the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock worth $237,000 after buying an additional 312 shares in the last quarter. Finally, Makaira Partners LLC acquired a new position in shares of Bel Fuse during the 1st quarter worth about $288,000. Institutional investors and hedge funds own 6.01% of the company's stock.
About Bel Fuse
(
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.
Further Reading
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