Dimensional Fund Advisors LP increased its holdings in shares of Bel Fuse, Inc. (NASDAQ:BELFB) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,269 shares of the electronics maker’s stock after buying an additional 2,265 shares during the quarter. Dimensional Fund Advisors LP owned 6.43% of Bel Fuse worth $15,275,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in Bel Fuse by 3.1% in the fourth quarter. BlackRock Inc. now owns 1,491,791 shares of the electronics maker’s stock valued at $27,479,000 after purchasing an additional 44,453 shares in the last quarter. Morgan Stanley grew its stake in Bel Fuse by 24.2% in the third quarter. Morgan Stanley now owns 91,947 shares of the electronics maker’s stock valued at $2,436,000 after purchasing an additional 17,900 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its stake in Bel Fuse by 1.2% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 197,464 shares of the electronics maker’s stock valued at $3,637,000 after purchasing an additional 2,313 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bel Fuse by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 145,485 shares of the electronics maker’s stock valued at $3,856,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Boston Partners grew its stake in Bel Fuse by 1.5% in the fourth quarter. Boston Partners now owns 236,204 shares of the electronics maker’s stock valued at $4,351,000 after purchasing an additional 3,379 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.
Shares of NASDAQ:BELFB traded down $0.04 on Monday, reaching $17.13. The company had a trading volume of 85,800 shares, compared to its average volume of 26,522. Bel Fuse, Inc. has a twelve month low of $15.85 and a twelve month high of $29.00. The company has a quick ratio of 1.75, a current ratio of 3.12 and a debt-to-equity ratio of 0.69. The stock has a market cap of $210.32 million, a PE ratio of 8.67 and a beta of 1.31. The company has a 50-day moving average of $18.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.63%.
BELFB has been the subject of a number of analyst reports. BidaskClub cut Bel Fuse from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. ValuEngine cut Bel Fuse from a “hold” rating to a “sell” rating in a research report on Monday, June 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.
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