Bel Fuse, Inc. (NASDAQ:BELFB) Director Peter E. Gilbert acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $10.52 per share, with a total value of $52,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ BELFB traded down $0.04 during mid-day trading on Thursday, hitting $11.49. 70 shares of the company traded hands, compared to its average volume of 57,376. Bel Fuse, Inc. has a 1 year low of $10.33 and a 1 year high of $29.00. The firm has a market cap of $142.10 million, a PE ratio of 7.82 and a beta of 1.29. The company has a quick ratio of 1.87, a current ratio of 3.23 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $15.02.
Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Thursday, August 1st. The electronics maker reported $0.03 EPS for the quarter. Bel Fuse had a return on equity of 9.48% and a net margin of 3.59%. The business had revenue of $127.42 million during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, October 14th.
Several equities research analysts have recently commented on the company. BidaskClub downgraded Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 14th. ValuEngine raised Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th.
Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. Walthausen & Co. LLC purchased a new stake in shares of Bel Fuse during the first quarter valued at $1,401,000. Vanguard Group Inc. lifted its stake in Bel Fuse by 6.8% in the 2nd quarter. Vanguard Group Inc. now owns 754,706 shares of the electronics maker’s stock worth $12,958,000 after acquiring an additional 47,808 shares in the last quarter. Invesco Ltd. lifted its stake in Bel Fuse by 42.1% in the 2nd quarter. Invesco Ltd. now owns 145,510 shares of the electronics maker’s stock worth $2,498,000 after acquiring an additional 43,112 shares in the last quarter. Millennium Management LLC lifted its stake in Bel Fuse by 110.6% in the 4th quarter. Millennium Management LLC now owns 78,204 shares of the electronics maker’s stock worth $1,441,000 after acquiring an additional 41,071 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Bel Fuse in the 1st quarter worth about $294,000. 62.84% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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