Great West Life Assurance Co. Can held its position in Bel Fuse Inc. (NASDAQ:BELFB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,746 shares of the electronics maker’s stock at the end of the second quarter. Great West Life Assurance Co. Can owned about 0.09% of Bel Fuse worth $265,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its stake 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 valued at $122,000 after buying an additional 243 shares during the last quarter. Globeflex Capital L P boosted its stake in Bel Fuse by 8,226.6% during 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 last quarter. Highbridge Capital Management LLC bought a new position in Bel Fuse during the first quarter valued at approximately $207,000. State of Tennessee Treasury Department boosted its stake in Bel Fuse by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock valued at $213,000 after buying an additional 1,256 shares during the last quarter. Finally, Comerica Bank boosted its stake in Bel Fuse by 3.7% during the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock valued at $231,000 after buying an additional 344 shares during the last quarter. 59.29% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.
Bel Fuse Inc. (BELFB) opened at 26.65 on Wednesday. The company’s 50-day moving average price is $26.04 and its 200-day moving average price is $24.84. The company has a market capitalization of $320.95 million, a price-to-earnings ratio of 18.85 and a beta of 0.84. Bel Fuse Inc. has a 52 week low of $21.09 and a 52 week high of $33.60.
Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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. Equities analysts forecast that Bel Fuse Inc. will post $1.64 earnings per share for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.28 annualized dividend and a yield of 1.05%. Bel Fuse’s dividend payout ratio (DPR) is currently 20.59%.
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Bel Fuse 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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