Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 10,372 shares traded hands during mid-day trading, a decline of 16% from the previous session's volume of 12,387 shares.The stock last traded at $73.82 and had previously closed at $74.50.
Wall Street Analyst Weigh In
Separately, Craig Hallum set a $115.00 price target on shares of Bel Fuse and gave the stock a "buy" rating in a report on Tuesday.
Get Our Latest Stock Analysis on BELFA
Bel Fuse Stock Performance
The stock has a market capitalization of $919.10 million, a P/E ratio of 23.79 and a beta of 1.11. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $81.27 and a two-hundred day moving average price of $91.19.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.01 by $0.44. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million.
Bel Fuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is currently 7.77%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Bel Fuse by 4,248.8% during the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock valued at $6,720,000 after buying an additional 66,027 shares during the last quarter. American Century Companies Inc. increased its holdings in Bel Fuse by 58.1% during the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock worth $2,704,000 after purchasing an additional 11,031 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Bel Fuse by 199.9% in the fourth quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company's stock worth $1,479,000 after purchasing an additional 10,945 shares during the last quarter. Herald Investment Management Ltd bought a new position in shares of Bel Fuse in the fourth quarter valued at approximately $360,000. Finally, Marshall Wace LLP purchased a new position in shares of Bel Fuse during the fourth quarter valued at approximately $337,000. Institutional investors own 6.01% of the company's stock.
About Bel Fuse
(
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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