Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $92.68 and last traded at $92.22, with a volume of 88110 shares trading hands. The stock had previously closed at $90.51.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on BELFB shares. Robert W. Baird started coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price objective on the stock. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC dropped their price objective on shares of 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 started coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $99.60.
Get Our Latest Analysis on Bel Fuse
Bel Fuse Trading Up 2.5%
The company's 50 day simple moving average is $76.56 and its two-hundred day simple moving average is $78.03. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal 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 paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. Bel Fuse's dividend payout ratio (DPR) is 8.14%.
Insider Transactions at Bel Fuse
In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the 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 transaction, the vice president now owns 12,155 shares in the company, valued at $1,021,384.65. This represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.37% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BELFB. Rhumbline Advisers grew its stake in Bel Fuse by 2.6% in the 4th quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker's stock valued at $1,355,000 after buying an additional 418 shares during the last quarter. Principal Financial Group Inc. grew its stake in Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock valued at $348,000 after buying an additional 249 shares during the last quarter. PFG Advisors grew its stake in Bel Fuse by 13.6% in the 4th quarter. PFG Advisors now owns 9,299 shares of the electronics maker's stock valued at $767,000 after buying an additional 1,116 shares during the last quarter. Truvestments Capital LLC grew its stake in Bel Fuse by 27.5% in the 4th quarter. Truvestments Capital LLC now owns 11,997 shares of the electronics maker's stock valued at $989,000 after buying an additional 2,588 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Bel Fuse in the 4th quarter valued at $371,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider Bel Fuse, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bel Fuse wasn't on the list.
While Bel Fuse currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
