Bel Fuse (NASDAQ:BELFA) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Bel Fuse Inc. (NASDAQ:BELFA) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $91.64 and traded as high as $92.80. Bel Fuse shares last traded at $92.80, with a volume of 3,973 shares traded.

Bel Fuse Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The stock has a market capitalization of $1.16 billion, a PE ratio of 22.47 and a beta of 1.25. The company has a 50 day moving average price of $98.73 and a 200-day moving average price of $91.64.

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 given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s payout ratio is currently 5.81%.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Bel Fuse by 9.0% in the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after purchasing an additional 2,778 shares during the period. State Street Corp boosted its holdings in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after buying an additional 2,876 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bel Fuse in the 2nd quarter worth about $444,000. Barclays PLC increased its stake in shares of Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 1,701 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after acquiring an additional 1,790 shares in the last quarter. 6.01% of the stock is owned by institutional investors.

About Bel Fuse

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.