Bel Fuse (NASDAQ:BELFB) Stock Crosses Above 200 Day Moving Average of $18.78

Bel Fuse, Inc. (NASDAQ:BELFB)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.78 and traded as high as $14.85. Bel Fuse shares last traded at $14.49, with a volume of 809 shares changing hands.

Several analysts recently commented on the company. Needham & Company LLC assumed coverage on Bel Fuse in a report on Wednesday, September 11th. They issued a “buy” rating and a $16.00 target price on the stock. ValuEngine upgraded Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th.

The company has a fifty day moving average of $11.99 and a 200 day moving average of $18.78. The firm has a market capitalization of $181.40 million, a P/E ratio of 10.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.23 and a quick ratio of 1.87.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Thursday, August 1st. The electronics maker reported $0.03 EPS for the quarter. Bel Fuse had a return on equity of 9.48% and a net margin of 3.59%. The business had revenue of $127.42 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, October 14th.

In other Bel Fuse news, Director Peter E. Gilbert purchased 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $52,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.37% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its holdings in shares of Bel Fuse by 506.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,044 shares of the electronics maker’s stock worth $52,000 after buying an additional 1,707 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Bel Fuse in the 1st quarter worth $84,000. MetLife Investment Advisors LLC bought a new position in shares of Bel Fuse in the 1st quarter worth $116,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Bel Fuse by 123.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,600 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new position in shares of Bel Fuse in the 1st quarter worth $239,000. Hedge funds and other institutional investors own 62.47% of the company’s stock.

Bel Fuse Company Profile (NASDAQ:BELFB)

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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