Bel Fuse (NASDAQ:BELFB) Stock Passes Above 200-Day Moving Average of $36.51

Bel Fuse Inc. (NASDAQ:BELFB – Get Rating)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.51 and traded as high as $48.22. Bel Fuse shares last traded at $47.96, with a volume of 63,393 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Bel Fuse from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. StockNews.com started coverage on shares of Bel Fuse in a report on Thursday, May 18th. They set a “strong-buy” rating on the stock.

Bel Fuse Stock Up 3.1 %

The company has a current ratio of 2.95, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $612.45 million, a price-to-earnings ratio of 9.63 and a beta of 1.72. The company has a 50-day moving average of $37.97 and a 200-day moving average of $36.51.

Bel Fuse (NASDAQ:BELFB – Get Rating) last released its earnings results on Wednesday, February 22nd. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.31. Bel Fuse had a return on equity of 27.16% and a net margin of 9.02%. The firm had revenue of $169.20 million during the quarter, compared to analyst estimates of $158.18 million. On average, equities analysts predict that Bel Fuse Inc. will post 4 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, July 13th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.62%.

Insider Activity

In other Bel Fuse news, Director Peter E. Gilbert sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $44.59, for a total value of $222,950.00. Following the transaction, the director now owns 18,750 shares of the company’s stock, valued at $836,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Bel Fuse by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 763,568 shares of the electronics maker’s stock worth $28,693,000 after purchasing an additional 22,325 shares in the last quarter. Vanguard Group Inc. boosted its stake in Bel Fuse by 19.4% in the third quarter. Vanguard Group Inc. now owns 657,885 shares of the electronics maker’s stock valued at $16,612,000 after acquiring an additional 107,000 shares during the last quarter. Portolan Capital Management LLC boosted its position in shares of Bel Fuse by 4.1% during the first quarter. Portolan Capital Management LLC now owns 506,353 shares of the electronics maker’s stock worth $19,029,000 after purchasing an additional 19,877 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Bel Fuse by 3.1% during the third quarter. Renaissance Technologies LLC now owns 452,551 shares of the electronics maker’s stock worth $11,427,000 after purchasing an additional 13,700 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Bel Fuse by 0.4% during the first quarter. LSV Asset Management now owns 296,894 shares of the electronics maker’s stock worth $5,297,000 after acquiring an additional 1,300 shares during the period. 50.27% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

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Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.