Bel Fuse Inc. (NASDAQ:BELFA) Plans $0.06 Quarterly Dividend

Bel Fuse Inc. (NASDAQ:BELFA) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.06 per share by the scientific and technical instruments company on Friday, October 30th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Bel Fuse has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Price Performance

Shares of BELFA stock opened at $219.47 on Tuesday. The company has a market capitalization of $2.79 billion, a P/E ratio of 56.13 and a beta of 1.40. The company has a current ratio of 4.48, a quick ratio of 3.20 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $242.91 and a two-hundred day moving average of $221.96. Bel Fuse has a 12 month low of $107.51 and a 12 month high of $293.51.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.42. The firm had revenue of $210.69 million during the quarter, compared to analyst estimates of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the stock. Hound Partners LLC bought a new position in Bel Fuse in the fourth quarter valued at $5,714,000. Renaissance Technologies LLC lifted its stake in Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after purchasing an additional 26,200 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Bel Fuse in the third quarter valued at approximately $1,628,000. Citadel Advisors LLC increased its holdings in shares of Bel Fuse by 434.9% during the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock worth $1,552,000 after acquiring an additional 10,843 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Bel Fuse by 314.2% during the fourth quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock worth $1,932,000 after purchasing an additional 9,656 shares during the period. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.