Bel Fuse (NASDAQ:BELFA) Sets New 12-Month High – Still a Buy?

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

Bel Fuse Stock Up 4.8 %

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 firm has a market cap of $1.29 billion, a PE ratio of 23.80 and a beta of 1.28. The company’s 50 day moving average price is $97.10 and its two-hundred day moving average price is $86.20.

Bel Fuse Dividend Announcement

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

Institutional Trading of Bel Fuse

A number of large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in Bel Fuse during the second quarter valued at $444,000. Rhumbline Advisers grew its holdings 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 purchasing an additional 1,877 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Bel Fuse by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after purchasing an additional 1,063 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

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.