Strs Ohio Takes $396,000 Position in Bel Fuse Inc. $BELFA

Strs Ohio bought a new stake in Bel Fuse Inc. (NASDAQ:BELFA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,200 shares of the scientific and technical instruments company’s stock, valued at approximately $396,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers raised its stake in Bel Fuse by 3.9% in the third quarter. Rhumbline Advisers now owns 3,196 shares of the scientific and technical instruments company’s stock valued at $372,000 after buying an additional 121 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after acquiring an additional 150 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the period. Barclays PLC increased its holdings in shares of Bel Fuse by 12.3% during the 4th quarter. Barclays PLC now owns 2,562 shares of the scientific and technical instruments company’s stock worth $389,000 after acquiring an additional 281 shares during the last quarter. Finally, State Street Corp raised its stake in Bel Fuse by 1.8% in the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock valued at $3,295,000 after acquiring an additional 378 shares during the period. Institutional investors own 6.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $250.00.

Bel Fuse Trading Up 1.4%

Shares of BELFA stock opened at $229.55 on Friday. Bel Fuse Inc. has a 12-month low of $87.90 and a 12-month high of $293.51. The company has a market capitalization of $2.92 billion, a PE ratio of 55.31 and a beta of 1.37. The firm has a 50 day moving average price of $250.19 and a two-hundred day moving average price of $214.07. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $178.49 million for the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.78%.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.