Algert Global LLC Buys 16,608 Shares of Bel Fuse Inc. (BELFB)
Algert Global LLC increased its position in Bel Fuse Inc. (NASDAQ:BELFB) by 34.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,880 shares of the company’s stock after buying an additional 16,608 shares during the period. Algert Global LLC’s holdings in Bel Fuse were worth $1,566,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of BELFB. JPMorgan Chase & Co. increased its position in Bel Fuse by 595.9% in the second quarter. JPMorgan Chase & Co. now owns 315,117 shares of the company’s stock worth $5,603,000 after buying an additional 269,832 shares in the last quarter. Numeric Investors LLC acquired a new position in Bel Fuse during the second quarter worth about $1,763,000. Polaris Capital Management LLC increased its position in Bel Fuse by 479.1% in the second quarter. Polaris Capital Management LLC now owns 96,000 shares of the company’s stock worth $1,707,000 after buying an additional 79,422 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Bel Fuse by 127.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,829 shares of the company’s stock worth $1,349,000 after buying an additional 42,517 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Bel Fuse during the first quarter worth about $380,000. Institutional investors and hedge funds own 53.39% of the company’s stock.
Shares of Bel Fuse Inc. (NASDAQ:BELFB) opened at 24.92 on Thursday. The company’s 50-day moving average is $23.67 and its 200-day moving average is $19.31. The stock’s market cap is $297.49 million. Bel Fuse Inc. has a 52-week low of $13.31 and a 52-week high of $25.25.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is -4.96%.
Separately, TheStreet raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
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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