Bel Fuse (NASDAQ:BELFA) Shares Pass Above 200 Day Moving Average – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price crossed 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 Price Performance

The firm’s 50 day moving average price is $98.49 and its two-hundred day moving average price is $91.65. The stock has a market cap of $1.16 billion, a PE ratio of 22.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse Announces Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. Bel Fuse’s dividend payout ratio is currently 5.81%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Bel Fuse by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock valued at $3,351,000 after purchasing an additional 2,778 shares in the last quarter. State Street Corp boosted its stake in Bel Fuse by 12.9% during the third 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 during the period. Bank of New York Mellon Corp purchased a new position in Bel Fuse during the second quarter worth about $444,000. Barclays PLC increased its stake in 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 during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings 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 valued at $206,000 after acquiring an additional 1,790 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

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.