Bank of New York Mellon Corp Makes New $444,000 Investment in Bel Fuse Inc. (NASDAQ:BELFA)

Bank of New York Mellon Corp bought a new position in Bel Fuse Inc. (NASDAQ:BELFA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,489 shares of the scientific and technical instruments company’s stock, valued at approximately $444,000.

Separately, Janney Montgomery Scott LLC raised its holdings in Bel Fuse by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock valued at $929,000 after acquiring an additional 1,063 shares in the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Trading Down 0.6 %

Bel Fuse stock opened at $99.94 on Wednesday. The company has a market cap of $1.26 billion, a P/E ratio of 17.75 and a beta of 1.28. Bel Fuse Inc. has a 1 year low of $38.82 and a 1 year high of $102.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The firm’s 50-day moving average is $86.85 and its 200-day moving average is $79.43.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.59. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The firm had revenue of $133.21 million during the quarter.

Bel Fuse Announces Dividend

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

Bel Fuse Company 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.