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

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

Bel Fuse Trading Down 3.4 %

The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18. The firm has a market cap of $880.31 million, a P/E ratio of 12.25 and a beta of 1.41. The company’s 50 day simple moving average is $68.29 and its 200-day simple moving average is $62.03.

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

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

A hedge fund recently raised its stake in Bel Fuse stock. Janney Montgomery Scott LLC lifted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 161.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 approximately 0.10% of Bel Fuse worth $582,000 at the end of the most recent reporting period. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

About Bel Fuse

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.