Brandywine Global Investment Management LLC decreased its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,884 shares of the electronics maker’s stock after selling 156 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Bel Fuse worth $171,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in 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 acquiring an additional 2,321 shares during the last quarter. Vanguard Group Inc. lifted its stake in Bel Fuse by 5.9% in the first quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after acquiring an additional 24,686 shares during the last quarter. Bank of America Corp DE lifted its stake in Bel Fuse by 64.0% in the first quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock worth $351,000 after acquiring an additional 5,366 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Bel Fuse by 239.5% in the second quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after acquiring an additional 46,319 shares during the last quarter. Finally, Comerica Bank lifted its stake in 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 acquiring an additional 344 shares during the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.
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Bel Fuse Inc. (NASDAQ BELFB) opened at 32.55 on Thursday. The company has a 50-day moving average of $28.34 and a 200-day moving average of $25.59. Bel Fuse Inc. has a 52 week low of $21.65 and a 52 week high of $33.60. The stock has a market cap of $392.00 million, a P/E ratio of 23.02 and a beta of 0.90.
Bel Fuse (NASDAQ:BELFB) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.25. The company 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%. On average, analysts predict that Bel Fuse Inc. will post $1.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is currently 20.59%.
Separately, BidaskClub downgraded shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research note 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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