Royce & Associates LP trimmed its position in shares of Bel Fuse, Inc. (NASDAQ:BELFA) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,957 shares of the scientific and technical instruments company’s stock after selling 628 shares during the quarter. Royce & Associates LP owned approximately 0.67% of Bel Fuse worth $1,196,000 as of its most recent SEC filing.
Separately, Vanguard Group Inc. grew its stake in Bel Fuse by 2,912.6% in the third quarter. Vanguard Group Inc. now owns 638,104 shares of the scientific and technical instruments company’s stock valued at $16,792,000 after acquiring an additional 616,923 shares during the period. Hedge funds and other institutional investors own 6.98% of the company’s stock.
Shares of Bel Fuse stock opened at $20.38 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. Bel Fuse, Inc. has a 52 week low of $12.85 and a 52 week high of $25.79. The company has a market capitalization of $262.70 million, a price-to-earnings ratio of 13.11 and a beta of 1.87.
Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Thursday, February 21st. The scientific and technical instruments company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The firm had revenue of $142.73 million during the quarter. Bel Fuse had a net margin of 3.78% and a return on equity of 11.85%.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.07 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 1.37%. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06.
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Bel Fuse Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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