Bel Fuse (NASDAQ:BELFA) Shares Down 4.8%

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price was down 4.8% during trading on Friday . The company traded as low as $68.00 and last traded at $68.00. Approximately 11,413 shares traded hands during trading, an increase of 50% from the average daily volume of 7,603 shares. The stock had previously closed at $71.45.

Bel Fuse Stock Down 3.4 %

The stock’s fifty day moving average is $68.46 and its 200 day moving average is $61.88. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $880.31 million, a P/E ratio of 12.48 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $1.29 EPS for the quarter. Bel Fuse had a net margin of 11.54% and a return on equity of 26.57%. The company had revenue of $140.01 million during the quarter.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders 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 yield of 0.35%. The ex-dividend date is Friday, April 12th. Bel Fuse’s payout ratio is currently 4.34%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bel Fuse stock. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 37,774 shares of the scientific and technical instruments company’s stock, valued at approximately $2,442,000. Brown Advisory Inc. owned 0.30% of Bel Fuse at the end of the most recent quarter. 6.01% of the stock is 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.