Bel Fuse Inc. (NASDAQ:BELFB) Position Reduced by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 31.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,497 shares of the electronics maker’s stock after selling 21,480 shares during the period. Goldman Sachs Group Inc.’s holdings in Bel Fuse were worth $1,214,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BELFB. ClariVest Asset Management LLC raised its position 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 valued at $122,000 after buying an additional 243 shares during the period. Globeflex Capital L P raised its position in shares of Bel Fuse by 8,226.6% in the first quarter. Globeflex Capital L P now owns 5,329 shares of the electronics maker’s stock valued at $136,000 after buying an additional 5,265 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of Bel Fuse during the first quarter worth $207,000. State of Tennessee Treasury Department raised its position 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. Finally, Comerica Bank raised its position in shares of 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 last quarter. 60.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bel Fuse Inc. (NASDAQ:BELFB) traded down 0.53% during trading on Thursday, hitting $27.90. The stock had a trading volume of 2,415 shares. The stock has a market capitalization of $336.00 million, a price-to-earnings ratio of 19.73 and a beta of 0.85. The firm has a 50 day moving average price of $25.57 and a 200-day moving average price of $25.66. Bel Fuse Inc. has a 52 week low of $19.19 and a 52 week high of $33.60.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.25. The firm had revenue of $131.62 million for the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. On average, equities research analysts forecast that Bel Fuse Inc. will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were given 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 1.00%. Bel Fuse’s dividend payout ratio is presently 20.59%.
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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