Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Bel Fuse Stock Down 1.5%
Bel Fuse stock opened at $214.00 on Friday. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a 12-month low of $53.95 and a 12-month high of $227.42. The firm's fifty day moving average is $185.06 and its 200 day moving average is $146.25. The company has a market capitalization of $2.71 billion, a PE ratio of 46.02 and a beta of 1.23.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.78. Bel Fuse had a net margin of 9.11% and a return on equity of 21.78%. The firm had revenue of $175.94 million during the quarter, compared to the consensus estimate of $172.01 million.
Bel Fuse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse's dividend payout ratio is 5.16%.
Hedge Funds Weigh In On Bel Fuse
Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 153 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Bel Fuse in the 4th quarter worth about $61,000. Deutsche Bank AG purchased a new stake in Bel Fuse in the 4th quarter valued at about $111,000. Tower Research Capital LLC TRC increased its stake in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company's stock valued at $67,000 after buying an additional 608 shares during the last quarter. Finally, PenderFund Capital Management Ltd. bought a new position in shares of Bel Fuse during the 4th quarter worth approximately $243,000. 6.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on BELFA shares. Weiss Ratings upgraded Bel Fuse from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 12th. Robert W. Baird set a $250.00 price target on shares of Bel Fuse in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat, Bel Fuse has a consensus rating of "Buy" and a consensus price target of $182.50.
Check Out Our Latest Analysis on Bel Fuse
Bel Fuse Company Profile
(
Get Free Report)
Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.
Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
