Bel Fuse (NASDAQ:BELFA) Sets New 1-Year High – Here’s Why

Shares of Bel Fuse Inc. (NASDAQ:BELFA) hit a new 52-week high on Wednesday . The stock traded as high as $105.65 and last traded at $105.65, with a volume of 4591 shares traded. The stock had previously closed at $98.29.

Bel Fuse Stock Up 4.8 %

The firm has a market cap of $1.29 billion, a P/E ratio of 23.80 and a beta of 1.28. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $97.10 and a 200-day moving average price of $86.20.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.81%.

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of Bel Fuse by 8.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after acquiring an additional 1,063 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Bel Fuse during the 2nd quarter worth $444,000. Finally, Rhumbline Advisers increased its position in Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 1,877 shares in the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.