Foundry Partners LLC grew its position in Bel Fuse Inc. (NASDAQ:BELFB) by 93.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,700 shares of the electronics maker’s stock after acquiring an additional 72,847 shares during the period. Foundry Partners LLC owned about 1.25% of Bel Fuse worth $4,702,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Bel Fuse by 18.7% in the 1st quarter. Renaissance Technologies LLC now owns 479,717 shares of the electronics maker’s stock worth $12,257,000 after purchasing an additional 75,700 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Bel Fuse in the 2nd quarter valued at approximately $1,617,000. Russell Investments Group Ltd. raised its position in shares of Bel Fuse by 239.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock valued at $1,622,000 after buying an additional 46,319 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Bel Fuse by 1,415.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,240 shares of the electronics maker’s stock valued at $722,000 after buying an additional 27,310 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Bel Fuse by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock valued at $11,396,000 after buying an additional 24,686 shares in the last quarter. 59.55% of the stock is owned by institutional investors.
Separately, BidaskClub lowered shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.
Bel Fuse Inc. (NASDAQ BELFB) opened at $28.30 on Monday. The stock has a market capitalization of $340.79, a PE ratio of 21.60 and a beta of 0.83. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.
Bel Fuse (NASDAQ:BELFB) last issued its 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 firm had revenue of $131.62 million for the quarter. Bel Fuse had a net margin of 2.50% and a return on equity of 9.79%.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.99%. The ex-dividend date was Thursday, October 12th. Bel Fuse’s dividend payout ratio is currently 28.57%.
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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