Gabelli Funds LLC lowered its position in Bel Fuse Inc. (NASDAQ:BELFA – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,700 shares of the scientific and technical instruments company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC owned about 1.63% of Bel Fuse worth $12,105,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Bel Fuse by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 97,522 shares of the scientific and technical instruments company’s stock valued at $3,247,000 after acquiring an additional 816 shares during the last quarter. Potrero Capital Research LLC purchased a new stake in Bel Fuse during the first quarter valued at about $2,733,000. Renaissance Technologies LLC boosted its position in Bel Fuse by 6.5% during the first quarter. Renaissance Technologies LLC now owns 26,200 shares of the scientific and technical instruments company’s stock valued at $952,000 after buying an additional 1,600 shares during the period. Bank of Montreal Can purchased a new stake in Bel Fuse during the second quarter valued at about $346,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Bel Fuse during the second quarter valued at about $278,000. Institutional investors own 5.29% of the company’s stock.
Bel Fuse Stock Performance
NASDAQ BELFA opened at $53.50 on Tuesday. The company has a 50-day simple moving average of $47.16 and a two-hundred day simple moving average of $50.48. The company has a quick ratio of 1.90, a current ratio of 3.08 and a debt-to-equity ratio of 0.19. Bel Fuse Inc. has a 12-month low of $29.82 and a 12-month high of $69.21. The firm has a market cap of $683.68 million, a price-to-earnings ratio of 9.40 and a beta of 1.67.
Bel Fuse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. Bel Fuse’s dividend payout ratio is currently 4.22%.
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.
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