Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s share price was down 2.5% on Friday . The company traded as low as $73.72 and last traded at $75.14. Approximately 4,685 shares traded hands during trading, a decline of 63% from the average daily volume of 12,554 shares. The stock had previously closed at $77.06.
Bel Fuse Trading Down 1.6 %
The company has a market capitalization of $918.98 million, a P/E ratio of 23.72 and a beta of 1.11. The stock's 50 day moving average is $82.72 and its 200-day moving average is $91.80. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.44. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million.
Bel Fuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's payout ratio is currently 7.77%.
Hedge Funds Weigh In On Bel Fuse
A number of institutional investors and hedge funds have recently made changes to their positions in BELFA. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $6,720,000 after purchasing an additional 66,027 shares in the last quarter. American Century Companies Inc. increased its position in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock valued at $2,704,000 after acquiring an additional 11,031 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Bel Fuse by 199.9% in the fourth quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company's stock worth $1,479,000 after purchasing an additional 10,945 shares during the last quarter. Herald Investment Management Ltd purchased a new stake in Bel Fuse in the fourth quarter worth approximately $360,000. Finally, Marshall Wace LLP purchased a new position in shares of Bel Fuse during the 4th quarter worth $337,000. Institutional investors 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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