Bel Fuse Inc. (NASDAQ:BELFB) announced 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 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, October 12th.
Shares of Bel Fuse (NASDAQ:BELFB) opened at 24.90 on Tuesday. The company’s market capitalization is $297.26 million. The stock has a 50 day moving average price of $23.52 and a 200-day moving average price of $19.23. Bel Fuse has a 12 month low of $13.31 and a 12 month high of $25.25.
Separately, TheStreet raised Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th.
Several large investors have recently bought and sold shares of BELFB. Vanguard Group Inc. increased its stake in Bel Fuse by 4.2% in the second quarter. Vanguard Group Inc. now owns 408,885 shares of the company’s stock worth $7,269,000 after buying an additional 16,636 shares in the last quarter. Guggenheim Capital LLC increased its stake 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. Principal Financial Group Inc. increased its stake in Bel Fuse by 1.7% in the second quarter. Principal Financial Group Inc. now owns 62,055 shares of the company’s stock worth $1,103,000 after buying an additional 1,019 shares in the last quarter. Algert Global LLC purchased a new stake in Bel Fuse during the second quarter worth approximately $858,000. Finally, BlackRock Investment Management LLC increased its stake in Bel Fuse by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 44,992 shares of the company’s stock worth $800,000 after buying an additional 702 shares in the last quarter. Institutional investors own 53.39% of the company’s stock.
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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