Bel Fuse (NASDAQ:BELFA) Stock Price Down 4.8%

Bel Fuse Inc. (NASDAQ:BELFA) shares dropped 4.8% during trading on Friday . The company traded as low as $68.00 and last traded at $68.00. Approximately 11,413 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 7,603 shares. The stock had previously closed at $71.45.

Bel Fuse Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. The business has a 50-day moving average price of $68.29 and a 200 day moving average price of $62.03. The stock has a market capitalization of $880.31 million, a P/E ratio of 12.25 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $1.29 EPS for the quarter. Bel Fuse had a return on equity of 24.75% and a net margin of 12.62%. The firm had revenue of $140.01 million for the quarter.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.26%.

Hedge Funds Weigh In On Bel Fuse

An institutional investor recently raised its position in Bel Fuse stock. Janney Montgomery Scott LLC boosted its holdings in Bel Fuse Inc. (NASDAQ:BELFA) by 161.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,534 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,745 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Bel Fuse worth $582,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.