Bel Fuse (NASDAQ:BELFA) Sets New 52-Week High at $64.80

Posted by Defense World Staff on Jul 16th, 2023

Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $64.80 and last traded at $63.00, with a volume of 18340 shares. The stock had previously closed at $58.02.

Bel Fuse Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.95 and a quick ratio of 1.67. The stock has a market capitalization of $776.93 million, a P/E ratio of 12.89 and a beta of 1.74. The company’s 50 day simple moving average is $51.87 and its two-hundred day simple moving average is $41.91.

Bel Fuse (NASDAQ:BELFA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter. The firm had revenue of $172.34 million for the quarter. Bel Fuse had a net margin of 9.02% and a return on equity of 28.35%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.39%. Bel Fuse’s dividend payout ratio (DPR) is currently 5.08%.

Institutional Trading of Bel Fuse

Several hedge funds have recently modified their holdings of BELFA. Potrero Capital Research LLC bought a new position in Bel Fuse in the first quarter valued at approximately $2,733,000. Dimensional Fund Advisors LP boosted its stake in Bel Fuse by 4.3% in the third quarter. Dimensional Fund Advisors LP now owns 96,706 shares of the scientific and technical instruments company’s stock valued at $2,703,000 after acquiring an additional 3,976 shares during the last quarter. UBS Group AG bought a new position in Bel Fuse in the first quarter valued at approximately $134,000. Manchester Capital Management LLC bought a new position in Bel Fuse in the first quarter valued at approximately $101,000. Finally, Renaissance Technologies LLC boosted its stake in Bel Fuse by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 24,600 shares of the scientific and technical instruments company’s stock valued at $792,000 after acquiring an additional 2,300 shares during the last quarter. 6.10% of the stock is owned by institutional investors.

Bel Fuse Company Profile

(Get Free Report)

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.