Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bel Fuse Price Performance
Shares of BELFB opened at $232.12 on Friday. The stock has a 50 day simple moving average of $203.19 and a 200 day simple moving average of $167.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. Bel Fuse Inc. has a 52-week low of $57.99 and a 52-week high of $248.61. The firm has a market capitalization of $2.94 billion, a PE ratio of 47.28, a P/E/G ratio of 2.44 and a beta of 1.56.
Bel Fuse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is currently 5.70%.
Institutional Investors Weigh In On Bel Fuse
Several hedge funds have recently modified their holdings of BELFB. T. Rowe Price Investment Management Inc. boosted its stake in shares of Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker's stock valued at $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in Bel Fuse by 28.8% during the 4th quarter. Voloridge Investment Management LLC now owns 40,583 shares of the electronics maker's stock worth $6,884,000 after buying an additional 9,085 shares during the period. SummitTX Capital L.P. acquired a new position in shares of Bel Fuse in the fourth quarter worth approximately $684,000. Janus Henderson Group PLC boosted its holdings in Bel Fuse by 19.2% in the fourth quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker's stock valued at $105,016,000 after acquiring an additional 99,834 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Bel Fuse during the 4th quarter worth approximately $628,000. Institutional investors and hedge funds own 58.39% of the company's stock.
Analyst Upgrades and Downgrades
BELFB has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 2nd. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an "outperform" rating in a report on Friday, October 31st. Weiss Ratings lowered shares of Bel Fuse from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday. Zacks Research downgraded shares of Bel Fuse from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 2nd. Finally, Robert W. Baird set a $170.00 price objective on Bel Fuse in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.20.
Get Our Latest Analysis on BELFB
About Bel Fuse
(
Get Free Report)
Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.
Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.
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