Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $98.43 and last traded at $97.01, with a volume of 26924 shares. The stock had previously closed at $96.08.
Analyst Ratings Changes
BELFB has been the subject of several analyst reports. Needham & Company LLC lowered their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target for the company. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, Robert W. Baird initiated 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $99.60.
Get Our Latest Analysis on Bel Fuse
Bel Fuse Price Performance
The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The company has a 50-day simple moving average of $77.07 and a 200-day simple moving average of $78.03. The stock has a market cap of $1.22 billion, a PE ratio of 28.09, a PEG ratio of 1.37 and a beta of 1.46.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. Sell-side analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.
Bel Fuse Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.25%. Bel Fuse's payout ratio is 8.14%.
Insiders Place Their Bets
In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the transaction, the vice president now directly owns 12,155 shares in the company, valued at approximately $1,021,384.65. This represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.37% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. CWM LLC grew its position in Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse in the 4th quarter valued at about $148,000. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse during the 4th quarter worth about $240,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 purchasing an additional 854 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in Bel Fuse in the first quarter valued at approximately $225,000. Hedge funds and other institutional investors own 58.39% 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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