BidaskClub upgraded shares of Bel Fuse (NASDAQ:BELFB) from a sell rating to a hold rating in a research note released on Saturday, December 16th.
Shares of Bel Fuse (BELFB) traded up $0.85 during trading hours on Friday, reaching $24.60. 26,824 shares of the company were exchanged, compared to its average volume of 17,403. The company has a market capitalization of $282.07, a P/E ratio of 24.12 and a beta of 0.76. Bel Fuse has a 52 week low of $21.65 and a 52 week high of $33.45. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, January 11th. Bel Fuse’s payout ratio is presently 27.45%.
In related news, VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Bernstein sold 3,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Bel Fuse by 11.7% during the 3rd quarter. Principal Financial Group Inc. now owns 74,425 shares of the electronics maker’s stock worth $2,322,000 after acquiring an additional 7,822 shares in the last quarter. Cadence Capital Management LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter worth about $694,000. Parametric Portfolio Associates LLC boosted its stake in shares of Bel Fuse by 46.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,633 shares of the electronics maker’s stock worth $658,000 after acquiring an additional 8,403 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Bel Fuse by 239.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after acquiring an additional 46,319 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Bel Fuse by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after acquiring an additional 24,686 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.
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About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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