Bel Fuse (NASDAQ:BELFA) Reaches New 1-Year High at $86.77

Bel Fuse Inc. (NASDAQ:BELFA) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $86.77 and last traded at $86.77, with a volume of 21344 shares trading hands. The stock had previously closed at $83.85.

Bel Fuse Trading Up 3.5 %

The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $79.62 and a two-hundred day simple moving average of $72.18. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.89 and a beta of 1.36.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 earnings per share for the quarter. The business had revenue of $128.09 million during the quarter. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.28%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.26%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bel Fuse stock. Janney Montgomery Scott LLC lifted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,123 shares of the scientific and technical instruments company’s stock after buying an additional 1,063 shares during the period. Janney Montgomery Scott LLC owned 0.10% of Bel Fuse worth $929,000 at the end of the most recent reporting period. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.