Bel Fuse (NASDAQ:BELFA) Shares Gap Down to $82.87

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $82.87, but opened at $81.00. Bel Fuse shares last traded at $81.10, with a volume of 1,607 shares traded.

Bel Fuse Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The stock’s fifty day simple moving average is $83.06 and its 200-day simple moving average is $75.31. The stock has a market cap of $1.05 billion, a P/E ratio of 14.75 and a beta of 1.36.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.59. Bel Fuse had a net margin of 11.81% and a return on equity of 21.62%. The firm had revenue of $133.21 million for the quarter.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.29%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.26%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in Bel Fuse by 2,346.3% in the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 1,877 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Bel Fuse in the second quarter worth approximately $444,000. Janney Montgomery Scott LLC grew its position in Bel Fuse by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after buying an additional 1,063 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Bel Fuse in the fourth quarter worth approximately $2,442,000. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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.