Bel Fuse Inc. (BELFA) To Go Ex-Dividend on January 15th

Bel Fuse Inc. (NASDAQ:BELFA) announced a quarterly dividend on Wednesday, October 22nd. Investors of record on Thursday, January 15th will be given a dividend of 0.06 per share by the scientific and technical instruments company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, January 15th.

Bel Fuse has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Bel Fuse has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

Bel Fuse Stock Up 1.5%

Shares of BELFA opened at $170.68 on Tuesday. Bel Fuse has a fifty-two week low of $53.95 and a fifty-two week high of $172.27. The company’s fifty day moving average is $143.13 and its two-hundred day moving average is $123.77. The firm has a market cap of $2.16 billion, a PE ratio of 34.29 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.59. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.The business had revenue of $178.98 million during the quarter, compared to the consensus estimate of $171.69 million.

Insider Activity

In related news, VP Joseph Berry sold 408 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, the vice president directly owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. The trade was a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,027 shares of company stock valued at $435,034 in the last ninety days. Company insiders own 5.46% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after purchasing an additional 150 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of Bel Fuse by 186.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock worth $190,000 after acquiring an additional 1,066 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Bel Fuse in the 3rd quarter worth approximately $286,000. Millennium Management LLC bought a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $358,000. Finally, Citadel Advisors LLC raised its position 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 valued at $1,552,000 after acquiring an additional 10,843 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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.