Los Angeles Capital Management & Equity Research Inc. Buys New Position in Bel Fuse Inc. (BELFB)
Los Angeles Capital Management & Equity Research Inc. bought a new stake in Bel Fuse Inc. (NASDAQ:BELFB) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 20,457 shares of the electronics maker’s stock, valued at approximately $505,000. Los Angeles Capital Management & Equity Research Inc. owned 0.17% of Bel Fuse at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. ClariVest Asset Management LLC raised its position in Bel Fuse by 5.4% during the first quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock worth $122,000 after acquiring an additional 243 shares during the period. Comerica Bank raised its position in Bel Fuse by 3.7% during the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock worth $231,000 after acquiring an additional 344 shares during the period. Principal Financial Group Inc. raised its position in Bel Fuse by 0.9% during the second quarter. Principal Financial Group Inc. now owns 66,603 shares of the electronics maker’s stock worth $1,645,000 after acquiring an additional 587 shares during the period. Teachers Advisors LLC raised its position in Bel Fuse by 4.1% during the fourth quarter. Teachers Advisors LLC now owns 21,265 shares of the electronics maker’s stock worth $657,000 after acquiring an additional 839 shares during the period. Finally, WealthTrust Axiom LLC raised its position in Bel Fuse by 10.2% during the second quarter. WealthTrust Axiom LLC now owns 10,829 shares of the electronics maker’s stock worth $267,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 59.29% of the company’s stock.
Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
Bel Fuse Inc. (BELFB) opened at 27.10 on Monday. The firm has a market capitalization of $326.37 million, a PE ratio of 19.17 and a beta of 0.84. Bel Fuse Inc. has a 52-week low of $21.65 and a 52-week high of $33.60. The firm’s 50-day moving average is $26.39 and its 200-day moving average is $24.86.
Bel Fuse (NASDAQ:BELFB) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.25. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. The company had revenue of $131.62 million during the quarter. On average, analysts anticipate that Bel Fuse Inc. will post $1.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is currently 20.59%.
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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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