Royce & Associates LP Sells 628 Shares of Bel Fuse, Inc. (BELFA)

Royce & Associates LP lessened its position in Bel Fuse, Inc. (NASDAQ:BELFA) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,957 shares of the scientific and technical instruments company’s stock after selling 628 shares during the period. Royce & Associates LP’s holdings in Bel Fuse were worth $1,196,000 as of its most recent filing with the SEC.

Separately, Vanguard Group Inc. boosted its stake in shares of Bel Fuse by 2,912.6% in the 3rd quarter. Vanguard Group Inc. now owns 638,104 shares of the scientific and technical instruments company’s stock valued at $16,792,000 after purchasing an additional 616,923 shares in the last quarter. Institutional investors own 6.98% of the company’s stock.

Shares of NASDAQ:BELFA opened at $20.38 on Friday. Bel Fuse, Inc. has a 52 week low of $12.85 and a 52 week high of $25.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.74. The firm has a market capitalization of $262.70 million, a PE ratio of 13.11 and a beta of 1.87.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, February 21st. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). Bel Fuse had a net margin of 3.78% and a return on equity of 11.85%. The business had revenue of $142.73 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, April 12th.

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Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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