Bel Fuse Inc. (NASDAQ:BELFB) declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Friday, October 14th will be paid a dividend of 0.07 per share on Tuesday, November 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, October 12th.
Bel Fuse (NASDAQ:BELFB) opened at 24.73 on Friday. The stock has a 50 day moving average of $23.38 and a 200 day moving average of $19.01. The firm’s market cap is $295.23 million. Bel Fuse has a one year low of $13.31 and a one year high of $25.25.
Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in Bel Fuse by 2.6% in the second quarter. Guggenheim Capital LLC now owns 111,954 shares of the company’s stock worth $1,991,000 after buying an additional 2,890 shares in the last quarter. Algert Global LLC bought a new position in Bel Fuse during the second quarter worth approximately $858,000. FMR LLC boosted its position in Bel Fuse by 11.4% in the second quarter. FMR LLC now owns 25,000 shares of the company’s stock worth $445,000 after buying an additional 2,563 shares in the last quarter. Martingale Asset Management L P bought a new position in Bel Fuse during the second quarter worth approximately $260,000. Finally, AXA bought a new position in Bel Fuse during the second quarter worth approximately $281,000. 53.39% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th.
About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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