Cadence Capital Management LLC acquired a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,240 shares of the electronics maker’s stock, valued at approximately $694,000. Cadence Capital Management LLC owned approximately 0.18% of Bel Fuse at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of BELFB. Foundry Partners LLC purchased a new position in Bel Fuse in the second quarter worth about $1,923,000. Kennedy Capital Management Inc. purchased a new position in Bel Fuse in the second quarter worth about $1,617,000. Russell Investments Group Ltd. raised its holdings in Bel Fuse by 239.5% in the second quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after buying an additional 46,319 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Bel Fuse by 1,415.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 29,240 shares of the electronics maker’s stock worth $722,000 after buying an additional 27,310 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Bel Fuse by 5.9% in the first quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after buying an additional 24,686 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bel Fuse Inc. (NASDAQ:BELFB) opened at $26.25 on Tuesday. Bel Fuse Inc. has a twelve month low of $21.65 and a twelve month high of $33.60. The company has a market cap of $326.07, a P/E ratio of 20.69 and a beta of 0.74. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. Bel Fuse’s payout ratio is currently 28.57%.
In other Bel Fuse news, VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total value of $61,575.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Bernstein sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total transaction of $73,830.00. The disclosure for this sale can be found here. Corporate insiders own 8.84% of the company’s stock.
Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.
Bel Fuse 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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