Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $146.00 and last traded at $144.64, with a volume of 4623 shares changing hands. The stock had previously closed at $143.15.
Analyst Ratings Changes
BELFB has been the topic of a number of research analyst reports. Needham & Company LLC upped their price target on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a report on Friday, July 25th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Robert W. Baird upped their price objective on Bel Fuse from $130.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Wall Street Zen lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Baird R W raised Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $126.80.
View Our Latest Research Report on BELFB
Bel Fuse Stock Performance
The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The firm has a fifty day moving average price of $125.22 and a two-hundred day moving average price of $93.73. The stock has a market capitalization of $1.85 billion, a PE ratio of 35.72, a P/E/G ratio of 1.73 and a beta of 1.59.
Bel Fuse Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. This is an increase from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio (DPR) is 6.86%.
Insider Buying and Selling at Bel Fuse
In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.00, for a total transaction of $243,200.00. Following the transaction, the vice president directly owned 10,255 shares in the company, valued at $1,312,640. This trade represents a 15.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Dawson sold 1,200 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the transaction, the insider owned 14,265 shares in the company, valued at $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.37% of the company's stock.
Institutional Trading of Bel Fuse
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Bel Fuse in the 2nd quarter worth $50,000. BNP Paribas Financial Markets boosted its position in shares of Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker's stock worth $98,000 after purchasing an additional 375 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker's stock worth $101,000 after purchasing an additional 845 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Bel Fuse by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker's stock worth $156,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 58.39% 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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