News coverage about Bel Fuse (NASDAQ:BELFA) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bel Fuse earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 46.2743512121938 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Bel Fuse (NASDAQ BELFA) traded down $0.85 during trading on Friday, reaching $21.30. 3,144 shares of the company’s stock traded hands, compared to its average volume of 1,198. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 2.66. The firm has a market capitalization of $266.51, a price-to-earnings ratio of 22.19 and a beta of 0.81. Bel Fuse has a 12-month low of $18.80 and a 12-month high of $29.90.
Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Friday, November 3rd. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). Bel Fuse had a return on equity of 9.80% and a net margin of 2.50%. The firm had revenue of $126.39 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, January 11th. Bel Fuse’s dividend payout ratio is currently 25.00%.
In related news, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total value of $61,575.00. Following the transaction, the vice president now directly owns 12,500 shares in the company, valued at $307,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total transaction of $73,830.00. Following the completion of the transaction, the chief executive officer now owns 15,000 shares in the company, valued at $369,150. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Bel Fuse Company Profile
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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