Bel Fuse (NASDAQ:BELFB) Share Price Crosses Above 200-Day Moving Average of $62.82

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.82 and traded as high as $65.95. Bel Fuse shares last traded at $65.24, with a volume of 365,611 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday. Northland Securities downgraded shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target for the company. in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reduced their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th.

Bel Fuse Trading Up 1.4 %

The business has a 50 day moving average of $64.04 and a two-hundred day moving average of $62.82. The firm has a market capitalization of $823.33 million, a price-to-earnings ratio of 10.98 and a beta of 1.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The business had revenue of $128.09 million during the quarter, compared to analyst estimates of $128.47 million. Equities analysts predict that Bel Fuse Inc. will post 4.39 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.28 annualized dividend and a yield of 0.43%. Bel Fuse’s dividend payout ratio (DPR) is currently 4.71%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in Bel Fuse during the fourth quarter worth $1,061,000. International Assets Investment Management LLC purchased a new position in shares of Bel Fuse in the 4th quarter worth about $6,041,000. Charles Schwab Investment Management Inc. grew its position in Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after buying an additional 21,047 shares during the period. GW&K Investment Management LLC purchased a new stake in Bel Fuse during the fourth quarter worth about $12,537,000. Finally, Victory Capital Management Inc. raised its position in Bel Fuse by 130.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock worth $404,000 after acquiring an additional 3,428 shares during the period. 58.39% of the stock is owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.