Bel Fuse (NASDAQ:BELFB) Stock Price Passes Above 200 Day Moving Average of $63.40

Shares of Bel Fuse Inc. (NASDAQ:BELFB) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.40 and traded as high as $65.40. Bel Fuse shares last traded at $65.00, with a volume of 40,381 shares.

Analyst Upgrades and Downgrades

BELFB has been the subject of several research reports. Northland Securities raised their target price on Bel Fuse from $63.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC upped their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

The stock has a market capitalization of $807.55 million, a P/E ratio of 10.77 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The stock has a 50-day simple moving average of $66.29 and a 200 day simple moving average of $63.39.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.58. The company had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter last year, the firm earned $1.95 EPS. On average, equities analysts forecast that Bel Fuse Inc. will post 4.52 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.44%. Bel Fuse’s dividend payout ratio is 4.71%.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning bought a new position in shares of Bel Fuse during the 2nd quarter valued at about $344,000. III Capital Management bought a new position in Bel Fuse in the second quarter valued at approximately $391,000. Thrivent Financial for Lutherans boosted its holdings in shares of Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after buying an additional 123,092 shares during the period. DHK Financial Advisors Inc. bought a new stake in shares of Bel Fuse during the second quarter worth $335,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Bel Fuse by 1.3% during the second quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker’s stock worth $20,215,000 after acquiring an additional 4,027 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

About Bel Fuse

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.