Bel Fuse, Inc. (NASDAQ:BELFB) reached a new 52-week low during trading on Monday . The stock traded as low as $20.30 and last traded at $20.30, with a volume of 8929 shares. The stock had previously closed at $20.55.
Separately, BidaskClub upgraded Bel Fuse from a “sell” rating to a “hold” rating in a research note on Saturday, December 16th.
The stock has a market capitalization of $247.26, a PE ratio of 20.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 2.66.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Friday, November 3rd. The electronics maker reported $0.42 earnings per share for the quarter. Bel Fuse had a return on equity of 9.79% and a net margin of 2.50%. The business had revenue of $126.39 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 11th. Bel Fuse’s dividend payout ratio is currently 28.57%.
In related news, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total transaction of $73,830.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total value of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Bel Fuse by 11.7% in the 3rd quarter. Principal Financial Group Inc. now owns 74,425 shares of the electronics maker’s stock worth $2,322,000 after buying an additional 7,822 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in Bel Fuse in the 3rd quarter worth about $694,000. Parametric Portfolio Associates LLC boosted its stake in Bel Fuse by 46.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,633 shares of the electronics maker’s stock worth $658,000 after buying an additional 8,403 shares during the last quarter. State Street Corp boosted its stake in Bel Fuse by 6.2% in the 2nd quarter. State Street Corp now owns 294,537 shares of the electronics maker’s stock worth $7,278,000 after buying an additional 17,083 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Bel Fuse by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 775,341 shares of the electronics maker’s stock worth $24,191,000 after buying an additional 11,910 shares during the last quarter. 60.23% of the stock is currently owned by hedge funds and other institutional investors.
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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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