Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price 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
A number of brokerages have weighed in on BELFB. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Robert W. Baird began coverage on Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday. Needham & Company LLC cut their target price on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $106.60.
Get Our Latest Stock Analysis on BELFB
Bel Fuse Stock Up 1.4%
The stock has a market cap of $1.27 billion, a PE ratio of 29.13, a PEG ratio of 1.40 and a beta of 1.51. 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 moving average price of $79.51 and a two-hundred day moving average price of $78.47.
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 analysts' consensus estimates of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. Analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.
Bel Fuse Cuts 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 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's payout ratio is currently 8.14%.
Insider Activity
In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the sale, the vice president owned 12,155 shares of the company's stock, valued at $1,021,384.65. The trade was a 24.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.37% of the company's stock.
Hedge Funds Weigh In On Bel Fuse
Several large investors have recently added to or reduced their stakes in BELFB. NEOS Investment Management LLC purchased a new position in shares of Bel Fuse in the fourth quarter valued at about $752,000. GAMMA Investing LLC raised its stake in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock valued at $347,000 after purchasing an additional 4,574 shares during the period. Paragon Associates & Paragon Associates II Joint Venture lifted its holdings in Bel Fuse by 7.9% in the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock worth $5,608,000 after purchasing an additional 5,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bel Fuse by 26.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock worth $1,670,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Bel Fuse in the 4th quarter worth approximately $305,000. 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.
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