Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 3,721 shares traded hands during trading, a decline of 54% from the previous session's volume of 8,156 shares.The stock last traded at $83.50 and had previously closed at $83.50.
Bel Fuse Stock Up 2.6 %
The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 20.75 and a beta of 1.25. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $94.78 and a 200-day moving average price of $92.29.
Bel Fuse Announces Dividend
The firm 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 $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.28%. The ex-dividend date is Wednesday, January 15th. Bel Fuse's dividend payout ratio (DPR) is 5.81%.
Hedge Funds Weigh In On Bel Fuse
A number of large investors have recently modified their holdings of BELFA. State Street Corp increased its position in 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 worth $2,498,000 after purchasing an additional 2,876 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Bel Fuse during the second quarter worth approximately $444,000. Geode Capital Management LLC increased its position in shares of Bel Fuse by 9.0% in the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock worth $3,351,000 after acquiring an additional 2,778 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Bel Fuse by 2,346.3% in the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company's stock valued at $158,000 after acquiring an additional 1,877 shares during the period. Finally, Barclays PLC lifted its holdings 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 valued at $230,000 after acquiring an additional 1,701 shares in the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.
Bel Fuse Company Profile
(
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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