BNP Paribas Financial Markets Acquires 1,790 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

BNP Paribas Financial Markets increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 632.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,073 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,790 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bel Fuse were worth $206,000 as of its most recent SEC filing.

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

Bel Fuse Stock Performance

Shares of NASDAQ BELFA opened at $100.95 on Tuesday. The company has a 50 day simple moving average of $99.60 and a two-hundred day simple moving average of $91.13. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 24.44 and a beta of 1.25. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 12 month low of $51.00 and a 12 month high of $106.93.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Bel Fuse’s payout ratio is 5.81%.

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.