Bel Fuse (NASDAQ:BELFA) Stock Price Crosses Above 200-Day Moving Average of $36.62

Bel Fuse Inc. (NASDAQ:BELFA – Get Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.62 and traded as high as $45.00. Bel Fuse shares last traded at $44.58, with a volume of 1,918 shares changing hands.

Bel Fuse Stock Performance

The firm has a fifty day simple moving average of $38.35 and a 200 day simple moving average of $36.68. The company has a current ratio of 2.95, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The stock has a market cap of $600.06 million, a price-to-earnings ratio of 9.43 and a beta of 1.69.

Bel Fuse (NASDAQ:BELFA – Get Rating) last issued its earnings results on Wednesday, February 22nd. The scientific and technical instruments company reported $1.27 earnings per share (EPS) for the quarter. Bel Fuse had a return on equity of 28.35% and a net margin of 9.02%. The business had revenue of $169.20 million during the quarter.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, July 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BELFA. Morgan Stanley boosted its position in shares of Bel Fuse by 40.6% in the 4th quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 515 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Bel Fuse by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 24,400 shares of the scientific and technical instruments company’s stock worth $525,000 after purchasing an additional 600 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bel Fuse by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 97,522 shares of the scientific and technical instruments company’s stock worth $3,247,000 after purchasing an additional 816 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Bel Fuse by 514.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 865 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Bel Fuse in the 1st quarter worth $101,000. 5.64% of the stock is currently owned by institutional investors.

About Bel Fuse

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Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.