Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $65.02 and last traded at $65.77, with a volume of 110487 shares changing hands. The stock had previously closed at $68.28.
Wall Street Analyst Weigh In
BELFB has been the subject of several recent analyst reports. StockNews.com cut shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. 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. Finally, Craig Hallum assumed coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective on the stock. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $102.50.
Check Out Our Latest Analysis on Bel Fuse
Bel Fuse Stock Up 2.3 %
The firm's 50 day simple moving average is $72.82 and its 200-day simple moving average is $78.12. The company has a market cap of $860.30 million, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. As a group, sell-side analysts anticipate that Bel Fuse Inc. will post 4.63 earnings per share for the current year.
Bel Fuse Cuts Dividend
The firm also recently announced 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. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse's dividend payout ratio (DPR) is presently 8.14%.
Institutional Investors Weigh In On Bel Fuse
A number of institutional investors and hedge funds have recently made changes to their positions in BELFB. NEOS Investment Management LLC acquired a new position in Bel Fuse in the 4th quarter valued at about $752,000. Paragon Associates & Paragon Associates II Joint Venture increased its holdings in shares of Bel Fuse by 7.9% in the fourth quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock valued at $5,608,000 after purchasing an additional 5,000 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Bel Fuse during the fourth quarter worth approximately $371,000. Hodges Capital Management Inc. lifted its holdings in shares of Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock worth $8,630,000 after purchasing an additional 28,860 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Bel Fuse by 106.1% during the fourth quarter. Franklin Resources Inc. now owns 10,876 shares of the electronics maker's stock worth $897,000 after purchasing an additional 5,600 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.
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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