Bel Fuse Inc. (NASDAQ:BELFB) Shares to Pay Quarterly Dividend of $0.07

Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, January 15th will be given a dividend of $0.07 per share by the electronics maker on Friday, January 29th. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, January 15th.

Bel Fuse has a payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Bel Fuse to earn $9.05 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 3.1%.

Bel Fuse Price Performance

Bel Fuse stock traded up $5.57 during mid-day trading on Tuesday, reaching $240.61. 135,028 shares of the company traded hands, compared to its average volume of 218,440. Bel Fuse has a fifty-two week low of $133.71 and a fifty-two week high of $335.29. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 57.21, a price-to-earnings-growth ratio of 2.46 and a beta of 1.67. The firm’s fifty day moving average is $238.61 and its two-hundred day moving average is $247.94.

Bel Fuse (NASDAQ:BELFB – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $1.83 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.89). The company had revenue of $220.51 million for the quarter, compared to analyst estimates of $215.74 million. Bel Fuse had a return on equity of 9.76% and a net margin of 7.34%. As a group, equities research analysts predict that Bel Fuse will post 6.89 earnings per share for the current year.

Insider Activity

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $235.15, for a total value of $235,150.00. Following the sale, the director directly owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director owned 750 shares of the company’s stock, valued at $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,893 shares of company stock valued at $476,949. 5.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC lifted its holdings in Bel Fuse by 4.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,628 shares of the electronics maker’s stock valued at $886,000 after purchasing an additional 140 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Bel Fuse in the third quarter valued at about $306,000. Kestra Advisory Services LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at about $215,000. Vise Technologies Inc. purchased a new position in shares of Bel Fuse in the third quarter worth about $521,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Bel Fuse by 16.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,350 shares of the electronics maker’s stock worth $1,062,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

(Get Free Report)

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.

See Also

Dividend History for Bel Fuse (NASDAQ:BELFB)

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