Bel Fuse Inc. (BELFB) Stake Reduced by Morgan Stanley

Morgan Stanley decreased its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,583 shares of the electronics maker’s stock after selling 13,527 shares during the period. Morgan Stanley owned approximately 0.73% of Bel Fuse worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BELFB. Martingale Asset Management L P increased its position in Bel Fuse by 5.0% in the first quarter. Martingale Asset Management L P now owns 82,522 shares of the electronics maker’s stock worth $2,109,000 after buying an additional 3,901 shares during the period. Boston Partners increased its position in Bel Fuse by 2.1% in the first quarter. Boston Partners now owns 298,776 shares of the electronics maker’s stock worth $7,634,000 after buying an additional 6,206 shares during the period. Principal Financial Group Inc. increased its position in Bel Fuse by 3.6% in the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock worth $1,687,000 after buying an additional 2,321 shares during the period. Comerica Bank increased its position in Bel Fuse by 3.7% in the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock worth $231,000 after buying an additional 344 shares during the period. Finally, Strs Ohio increased its position in Bel Fuse by 21.5% in the first quarter. Strs Ohio now owns 27,100 shares of the electronics maker’s stock worth $692,000 after buying an additional 4,800 shares during the period. Hedge funds and other institutional investors own 60.59% of the company’s stock.

Bel Fuse Inc. (NASDAQ:BELFB) traded up 1.20% during trading on Friday, hitting $25.20. The stock had a trading volume of 22,088 shares. The firm has a market cap of $303.48 million, a price-to-earnings ratio of 17.82 and a beta of 0.85. Bel Fuse Inc. has a 1-year low of $21.09 and a 1-year high of $33.60. The firm’s 50 day moving average is $25.92 and its 200 day moving average is $25.23.

Bel Fuse (NASDAQ:BELFB) last posted 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. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. The company had revenue of $131.62 million during the quarter. On average, analysts anticipate that Bel Fuse Inc. will post $1.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. Bel Fuse’s dividend payout ratio is 20.59%.

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Separately, BidaskClub downgraded Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.

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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