Vanguard Group Inc. raised its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,013 shares of the electronics maker’s stock after buying an additional 24,686 shares during the period. Vanguard Group Inc. owned 3.71% of Bel Fuse worth $11,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BELFB. Martingale Asset Management L P raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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 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 period. Finally, Strs Ohio raised its position in shares of 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 59.29% of the company’s stock.

Bel Fuse Inc. (NASDAQ:BELFB) traded up 3.02% on Thursday, reaching $25.60. The company had a trading volume of 6,020 shares. The company has a market capitalization of $308.30 million, a PE ratio of 18.10 and a beta of 0.85. The company’s 50-day moving average is $25.92 and its 200-day moving average is $25.23. Bel Fuse Inc. has a 52-week low of $21.09 and a 52-week high of $33.60.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.25. The firm had revenue of $131.62 million during the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. Equities analysts anticipate that Bel Fuse Inc. will post $1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s payout ratio is currently 20.59%.

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

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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Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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