Rhumbline Advisers Acquires 1,877 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Rhumbline Advisers grew its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 2,346.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,957 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,877 shares during the quarter. Rhumbline Advisers’ holdings in Bel Fuse were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Bank of New York Mellon Corp bought a new position in Bel Fuse in the 2nd quarter worth approximately $444,000. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Trading Down 2.0 %

Bel Fuse stock opened at $98.47 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The firm’s 50 day moving average price is $87.94 and its 200-day moving average price is $80.12. Bel Fuse Inc. has a 1 year low of $38.82 and a 1 year high of $102.96. The stock has a market cap of $1.24 billion, a P/E ratio of 17.49 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.87 by $0.59. Bel Fuse had a net margin of 11.81% and a return on equity of 21.62%. The business had revenue of $133.21 million for the quarter.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Tuesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 4.26%.

Bel Fuse 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.