Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $279.64 and last traded at $280.9960, with a volume of 18625 shares traded. The stock had previously closed at $272.57.
Analyst Ratings Changes
Separately, Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $250.00.
Check Out Our Latest Research Report on Bel Fuse
Bel Fuse Price Performance
Bel Fuse (NASDAQ:BELFA – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The firm had revenue of $178.49 million for the quarter, compared to analyst estimates of $172.07 million.
Bel Fuse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s payout ratio is presently 5.78%.
Institutional Investors Weigh In On Bel Fuse
Several hedge funds have recently added to or reduced their stakes in BELFA. BNP Paribas Financial Markets boosted its position in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Bel Fuse by 6,000.0% in the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Bel Fuse during the 4th quarter worth about $61,000. Tower Research Capital LLC TRC lifted its stake in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 608 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Bel Fuse during the 4th quarter worth about $111,000. Institutional investors and hedge funds own 6.01% of the company’s stock.
About Bel Fuse
Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.
Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.
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