Vanguard Group Inc. grew its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 446,013 shares of the electronics maker’s stock after purchasing an additional 24,686 shares during the quarter. Vanguard Group Inc. owned approximately 3.71% of Bel Fuse worth $11,396,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Boston Partners increased its holdings in Bel Fuse by 2.1% in the 1st quarter. Boston Partners now owns 298,776 shares of the electronics maker’s stock valued at $7,634,000 after purchasing an additional 6,206 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Bel Fuse by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 141,701 shares of the electronics maker’s stock valued at $3,620,000 after purchasing an additional 3,858 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Bel Fuse by 5.0% during the first quarter. Martingale Asset Management L P now owns 82,522 shares of the electronics maker’s stock valued at $2,109,000 after acquiring an additional 3,901 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Bel Fuse by 3.6% during the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock valued at $1,687,000 after acquiring an additional 2,321 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Bel Fuse by 48.6% during the first quarter. FMR LLC now owns 55,000 shares of the electronics maker’s stock valued at $1,405,000 after acquiring an additional 18,000 shares in the last quarter. 59.29% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.
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Bel Fuse Inc. (BELFB) opened at 27.60 on Friday. The company has a market cap of $332.39 million, a PE ratio of 19.52 and a beta of 0.84. Bel Fuse Inc. has a one year low of $21.51 and a one year high of $33.60. The firm has a 50-day moving average of $26.23 and a 200-day moving average of $24.88.
Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.25. The firm had revenue of $131.62 million for the quarter. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. On average, analysts predict that Bel Fuse Inc. will post $1.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. Bel Fuse’s payout ratio is 20.59%.
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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