Legal & General Group Plc lifted its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,472 shares of the electronics maker’s stock after acquiring an additional 1,298 shares during the period. Legal & General Group Plc owned about 0.14% of Bel Fuse worth $407,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. ClariVest Asset Management LLC raised its position in shares of Bel Fuse by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 243 shares in the last quarter. Globeflex Capital L P raised its position in shares of Bel Fuse by 8,226.6% during the 1st quarter. Globeflex Capital L P now owns 5,329 shares of the electronics maker’s stock valued at $136,000 after acquiring an additional 5,265 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Bel Fuse during the 1st quarter valued at approximately $207,000. State of Tennessee Treasury Department raised its position in shares of Bel Fuse by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock valued at $213,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Bel Fuse by 3.7% during the 1st quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock valued at $231,000 after acquiring an additional 344 shares in the last quarter. 59.29% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
Shares of Bel Fuse Inc. (BELFB) opened at 32.55 on Friday. The firm has a market capitalization of $392.00 million, a price-to-earnings ratio of 23.02 and a beta of 0.90. Bel Fuse Inc. has a 12 month low of $21.65 and a 12 month high of $33.60. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $25.35.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.25. The company had revenue of $131.62 million for the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. On average, analysts anticipate that Bel Fuse Inc. will post $1.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. Bel Fuse’s dividend payout ratio (DPR) is presently 20.59%.
Bel Fuse Company Profile
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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