Bel Fuse Inc. (NASDAQ:BELFA) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 1.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,000 shares of the scientific and technical instruments company’s stock after selling 2,500 shares during the quarter. Gabelli Funds LLC owned 1.58% of Bel Fuse worth $16,101,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Bel Fuse by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after acquiring an additional 1,063 shares during the period. Rhumbline Advisers grew its stake in Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 1,877 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Bel Fuse during the 2nd quarter worth about $444,000. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFA opened at $102.00 on Monday. Bel Fuse Inc. has a 1 year low of $38.82 and a 1 year high of $102.96. The stock has a market capitalization of $1.29 billion, a PE ratio of 18.12 and a beta of 1.28. 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 stock has a 50-day simple moving average of $86.25 and a 200-day simple moving average of $78.95.

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

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.06 per share. The ex-dividend date 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.