Highbridge Capital Management LLC bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,089 shares of the electronics maker’s stock, valued at approximately $207,000. Highbridge Capital Management LLC owned 0.07% of Bel Fuse at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Bel Fuse by 25.6% in the fourth quarter. Renaissance Technologies LLC now owns 404,017 shares of the electronics maker’s stock worth $12,484,000 after buying an additional 82,317 shares during the period. Thomson Horstmann & Bryant Inc. boosted its stake in Bel Fuse by 23.2% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 207,232 shares of the electronics maker’s stock worth $5,294,000 after buying an additional 39,030 shares during the period. Russell Investments Group Ltd. bought a new stake in Bel Fuse during the fourth quarter worth approximately $862,000. Dimensional Fund Advisors LP boosted its stake in Bel Fuse by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,247 shares of the electronics maker’s stock worth $23,461,000 after buying an additional 25,771 shares during the period. Finally, Vanguard Group Inc. boosted its stake 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 period. Institutional investors own 60.19% of the company’s stock.
Bel Fuse Inc. (BELFB) traded down 0.72% during trading on Tuesday, reaching $27.75. 16,508 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $25.37 and a 200-day moving average of $25.77. The stock has a market capitalization of $333.36 million, a PE ratio of 9.07 and a beta of 0.85. Bel Fuse Inc. has a 52 week low of $19.19 and a 52 week high of $33.60.
Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.25. The company had revenue of $131.62 million during the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. On average, equities research analysts anticipate that Bel Fuse Inc. will post $1.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.28 annualized dividend and a yield of 1.01%. Bel Fuse’s payout ratio is 20.59%.
TRADEMARK VIOLATION NOTICE: This article was first reported by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://baseballnewssource.com/markets/highbridge-capital-management-llc-takes-position-in-bel-fuse-inc-nasdaqbelfb-updated-updated-updated/1194860.html.
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.
Receive News & Ratings for Bel Fuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse Inc. and related companies with our FREE daily email newsletter.