Santa Monica Partners LP purchased a new position in shares of Bel Fuse, Inc. (NASDAQ:BELFA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 27,000 shares of the scientific and technical instruments company’s stock, valued at approximately $589,000. Bel Fuse comprises 0.5% of Santa Monica Partners LP’s investment portfolio, making the stock its 17th biggest holding. Santa Monica Partners LP owned about 0.22% of Bel Fuse as of its most recent SEC filing.
Separately, Russell Investments Group Ltd. raised its holdings in Bel Fuse by 211.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,817 shares of the scientific and technical instruments company’s stock worth $581,000 after purchasing an additional 14,816 shares during the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet lowered shares of Bel Fuse from a “b-” rating to a “c-” rating in a report on Thursday, February 22nd.
BELFA stock opened at $16.72 on Wednesday. The company has a current ratio of 3.05, a quick ratio of 1.81 and a debt-to-equity ratio of 0.76. Bel Fuse, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $29.90. The stock has a market cap of $203.12, a P/E ratio of 19.18 and a beta of 0.89.
Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Thursday, February 22nd. The scientific and technical instruments company reported ($0.09) EPS for the quarter. The company had revenue of $119.94 million for the quarter. Bel Fuse had a positive return on equity of 6.85% and a negative net margin of 2.42%.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Friday, April 13th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is -24.74%.
Bel Fuse Profile
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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