Bel Fuse (BELFA) Getting Somewhat Favorable News Coverage, Accern Reports

Media headlines about Bel Fuse (NASDAQ:BELFA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bel Fuse earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the scientific and technical instruments company an impact score of 46.8870845786036 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Bel Fuse (BELFA) traded down $0.65 during mid-day trading on Thursday, reaching $21.79. 700 shares of the company’s stock were exchanged, compared to its average volume of 1,138. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 1.59. Bel Fuse has a fifty-two week low of $18.80 and a fifty-two week high of $29.90. The company has a market capitalization of $262.22, a PE ratio of 22.70 and a beta of 0.81.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Friday, November 3rd. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.12). The company had revenue of $126.39 million for the quarter. Bel Fuse had a net margin of 2.50% and a return on equity of 9.80%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, January 11th. Bel Fuse’s dividend payout ratio is currently 25.00%.

In other news, VP Dennis Ackerman sold 2,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. Following the completion of the sale, the vice president now directly owns 12,500 shares of the company’s stock, valued at $307,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $369,150. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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About Bel Fuse

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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