Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 12,144 shares changed hands during trading, an increase of 1% from the previous session's volume of 12,065 shares.The stock last traded at $90.99 and had previously closed at $92.26.
Bel Fuse Price Performance
The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 21.81 and a beta of 1.25. The company has a fifty day simple moving average of $97.41 and a 200 day simple moving average of $91.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.
Bel Fuse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a yield of 0.27%. Bel Fuse's payout ratio is 5.81%.
Hedge Funds Weigh In On Bel Fuse
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Bel Fuse by 4,248.8% during the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock worth $6,720,000 after purchasing an additional 66,027 shares during the period. Barclays PLC grew its position in shares of Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after buying an additional 1,701 shares during the period. Geode Capital Management LLC increased its stake in shares of Bel Fuse by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock valued at $3,351,000 after acquiring an additional 2,778 shares in the last quarter. State Street Corp lifted its position in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,876 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Bel Fuse by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company's stock worth $109,000 after acquiring an additional 619 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company's stock.
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.
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