Parametric Portfolio Associates LLC cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,230 shares of the electronics maker’s stock after selling 2,122 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.15% of Bel Fuse worth $466,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Comerica Bank raised its position in shares of Bel Fuse by 3.7% in the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock valued at $231,000 after buying an additional 344 shares during the period. Teachers Advisors LLC raised its position in shares of Bel Fuse by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 21,265 shares of the electronics maker’s stock valued at $657,000 after buying an additional 839 shares during the period. Strs Ohio raised its position in shares of Bel Fuse by 21.5% in the first quarter. Strs Ohio now owns 27,100 shares of the electronics maker’s stock valued at $692,000 after buying an additional 4,800 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Bel Fuse during the fourth quarter valued at approximately $862,000. Finally, Wedge Capital Management L L P NC raised its position in shares of Bel Fuse by 26.0% in the first quarter. Wedge Capital Management L L P NC now owns 39,300 shares of the electronics maker’s stock valued at $1,004,000 after buying an additional 8,100 shares during the period. 60.59% of the stock is currently owned by institutional investors and hedge funds.
Bel Fuse Inc. (NASDAQ:BELFB) opened at 26.00 on Friday. Bel Fuse Inc. has a 1-year low of $21.09 and a 1-year high of $33.60. The company’s 50-day moving average price is $25.90 and its 200 day moving average price is $25.42. The firm has a market cap of $313.12 million, a price-to-earnings ratio of 18.39 and a beta of 0.85.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, topping the Zacks’ 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, equities analysts expect that Bel Fuse Inc. will post $1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s dividend payout ratio is currently 20.59%.
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Separately, BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Friday.
About Bel Fuse
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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