Bailard Inc. purchased a new position in Bel Fuse, Inc. (NASDAQ:BELFB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,663 shares of the electronics maker’s stock, valued at approximately $495,000. Bailard Inc. owned about 0.16% of Bel Fuse as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of BELFB. Bank of New York Mellon Corp raised its holdings in Bel Fuse by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 140,946 shares of the electronics maker’s stock worth $2,945,000 after purchasing an additional 2,678 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Bel Fuse by 8.4% during the third quarter. Panagora Asset Management Inc. now owns 41,444 shares of the electronics maker’s stock worth $1,098,000 after purchasing an additional 3,221 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Bel Fuse during the third quarter worth approximately $113,000. Dimensional Fund Advisors LP raised its holdings in Bel Fuse by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 827,004 shares of the electronics maker’s stock worth $21,916,000 after purchasing an additional 4,506 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Bel Fuse by 3.4% during the third quarter. Foundry Partners LLC now owns 151,290 shares of the electronics maker’s stock worth $4,009,000 after purchasing an additional 4,940 shares in the last quarter. Institutional investors own 54.18% of the company’s stock.
Shares of Bel Fuse stock opened at $20.25 on Monday. The firm has a market capitalization of $261.10 million, a PE ratio of 17.02 and a beta of 0.88. Bel Fuse, Inc. has a 12 month low of $17.10 and a 12 month high of $29.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.76 and a current ratio of 2.89.
Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Thursday, November 1st. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.18. The business had revenue of $146.49 million for the quarter. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Tuesday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Monday, January 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%.
BELFB has been the topic of a number of research analyst reports. Needham & Company LLC raised shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, September 25th. ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, BidaskClub cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Saturday, November 17th.
In other news, insider Daniel Bernstein sold 3,000 shares of Bel Fuse stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $24.83, for a total value of $74,490.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Craig Brosious sold 1,600 shares of Bel Fuse stock in a transaction on Friday, November 9th. The shares were sold at an average price of $25.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock worth $178,090 over the last ninety days. Corporate insiders own 5.37% of the company’s stock.
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Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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