Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $91.64 and traded as high as $92.80. Bel Fuse shares last traded at $92.80, with a volume of 3,973 shares trading hands.
Bel Fuse Stock Up 0.3 %
The company has a market cap of $1.16 billion, a price-to-earnings ratio of 22.47 and a beta of 1.25. The business has a fifty day moving average of $98.49 and a two-hundred day moving average of $91.65. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.
Bel Fuse Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. Bel Fuse's dividend payout ratio (DPR) is 5.81%.
Institutional Investors Weigh In On Bel Fuse
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Bel Fuse during the second quarter worth $444,000. State Street Corp lifted its stake in Bel Fuse by 12.9% in 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. Geode Capital Management LLC lifted its stake in 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 worth $3,351,000 after purchasing an additional 2,778 shares in the last quarter. Rhumbline Advisers lifted its stake in 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 worth $158,000 after purchasing an additional 1,877 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Bel Fuse by 632.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock worth $206,000 after purchasing an additional 1,790 shares during the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.
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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