Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $105.39 and last traded at $105.39, with a volume of 1142 shares trading hands. The stock had previously closed at $104.43.
Bel Fuse Trading Down 1.5 %
The company has a fifty day moving average of $91.13 and a 200-day moving average of $82.61. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.65 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 EPS for the quarter, beating the consensus estimate of $0.87 by $0.59. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The firm had revenue of $133.21 million during the quarter.
Bel Fuse Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Tuesday, October 15th. Bel Fuse's dividend payout ratio (DPR) is 4.26%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BELFA. Rhumbline Advisers lifted 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 purchasing an additional 1,877 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bel Fuse in the 2nd quarter valued at approximately $444,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Bel Fuse by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company's stock worth $929,000 after acquiring an additional 1,063 shares during the last quarter. Hedge funds and other 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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