1 week Ago By ABMN Staff
Bel Fuse Inc. ( NASDAQ:BELFB – Get Free Report ) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 307,000 shares, an increase of 5.
2% from the November 30th total of 291,800 shares. Approximately 3.0% of the company’s shares are short sold.
Based on an average trading volume of 68,300 shares, the short-interest ratio is presently 4.5 days. Bel Fuse Price Performance NASDAQ BELFB opened at $81.
03 on Friday. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $92.
61. The stock’s 50-day moving average is $80.65 and its two-hundred day moving average is $73.
89. The firm has a market cap of $1.02 billion, a P/E ratio of 18.
58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.
16, a current ratio of 4.00 and a quick ratio of 2.71.
Bel Fuse Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.07 dividend.
This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%.
The ex-dividend date is Wednesday, January 15th. Bel Fuse’s payout ratio is 6.42%.
Insider Transactions at Bel Fuse Institutional Investors Weigh In On Bel Fuse Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Bel Fuse during the 3rd quarter worth $39,000. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 10.
0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bel Fuse during the 3rd quarter valued at approximately $200,000.
One Wealth Advisors LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at approximately $227,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at approximately $288,000. Institutional investors own 58.
39% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have issued reports on BELFB. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.
Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th.
Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company.
StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Finally, Northland Securities raised their price objective on shares of Bel Fuse from $80.
00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $98.33.
Check Out Our Latest Stock Analysis on Bel Fuse About Bel Fuse ( Get Free Report ) Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries. See Also Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.
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