Fmr LLC boosted its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 48.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the electronics maker’s stock after buying an additional 18,000 shares during the period. Fmr LLC owned about 0.46% of Bel Fuse worth $1,405,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in BELFB. ClariVest Asset Management LLC raised its stake in shares of Bel Fuse by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock worth $122,000 after buying an additional 243 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Bel Fuse by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock worth $213,000 after buying an additional 1,256 shares during the last quarter. Comerica Bank raised its stake in shares of Bel Fuse by 5.0% in the fourth quarter. Comerica Bank now owns 9,205 shares of the electronics maker’s stock worth $297,000 after buying an additional 437 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Bel Fuse by 36.3% in the first quarter. OppenheimerFunds Inc. now owns 14,888 shares of the electronics maker’s stock worth $381,000 after buying an additional 3,968 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake 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 worth $657,000 after buying an additional 839 shares during the last quarter. 59.98% of the stock is currently owned by institutional investors.
Shares of Bel Fuse Inc. (NASDAQ:BELFB) opened at 29.00 on Friday. Bel Fuse Inc. has a 12 month low of $19.19 and a 12 month high of $33.60. The stock has a market cap of $348.38 million, a price-to-earnings ratio of 9.47 and a beta of 0.85. The firm has a 50-day moving average price of $25.25 and a 200-day moving average price of $25.74.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, beating 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 net margin of 3.44% and a return on equity of 11.61%. Equities analysts expect that Bel Fuse Inc. will post $1.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were issued 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 dividend yield of 0.97%. Bel Fuse’s payout ratio is 20.59%.
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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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