Dimensional Fund Advisors LP raised its position in Bel Fuse, Inc. (NASDAQ:BELFB) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 827,004 shares of the electronics maker’s stock after purchasing an additional 4,506 shares during the quarter. Dimensional Fund Advisors LP owned 0.07% of Bel Fuse worth $21,916,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in BELFB. BlackRock Inc. increased its position in shares of Bel Fuse by 6.6% in the second quarter. BlackRock Inc. now owns 1,421,073 shares of the electronics maker’s stock valued at $29,701,000 after acquiring an additional 87,361 shares during the period. Essex Investment Management Co. LLC purchased a new position in shares of Bel Fuse in the third quarter valued at about $2,023,000. Polaris Capital Management LLC increased its position in shares of Bel Fuse by 15.7% in the third quarter. Polaris Capital Management LLC now owns 111,100 shares of the electronics maker’s stock valued at $2,944,000 after acquiring an additional 15,100 shares during the period. Cim Investment Mangement Inc. purchased a new position in shares of Bel Fuse in the third quarter valued at about $250,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Bel Fuse by 35.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock valued at $498,000 after acquiring an additional 6,195 shares during the period. Hedge funds and other institutional investors own 58.72% of the company’s stock.
In related news, insider Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $24.83, for a total transaction of $74,490.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Craig Brosious sold 1,600 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $25.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $178,090 in the last quarter. 5.37% of the stock is owned by corporate insiders.
BELFB stock opened at $18.50 on Friday. Bel Fuse, Inc. has a 12-month low of $16.58 and a 12-month high of $29.00. The stock has a market capitalization of $233.64 million, a price-to-earnings ratio of 15.23 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.76 and a current ratio of 2.89.
Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.18. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The firm had revenue of $146.49 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, January 14th.
BELFB has been the topic of a number of analyst reports. Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, September 25th. ValuEngine cut shares of Bel Fuse from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, BidaskClub cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Saturday, November 17th.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
Further Reading: Cost of Capital Explained
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