Bridgeway Capital Management Inc. boosted its stake in Bel Fuse, Inc. (NASDAQ:BELFB) by 28.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 114,257 shares of the electronics maker’s stock after purchasing an additional 25,000 shares during the period. Bridgeway Capital Management Inc. owned about 0.95% of Bel Fuse worth $3,028,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of Bel Fuse in the third quarter worth $113,000. Cim Investment Mangement Inc. acquired a new position in shares of Bel Fuse in the third quarter worth $250,000. Schwab Charles Investment Management Inc. grew its stake 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 worth $498,000 after acquiring an additional 6,195 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Bel Fuse by 8.4% in the third quarter. Panagora Asset Management Inc. now owns 41,444 shares of the electronics maker’s stock worth $1,098,000 after acquiring an additional 3,221 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Bel Fuse in the third quarter worth $2,023,000. Hedge funds and other institutional investors own 54.18% of the company’s stock.
Shares of NASDAQ:BELFB opened at $22.51 on Monday. Bel Fuse, Inc. has a one year low of $17.10 and a one year high of $29.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. The stock has a market capitalization of $290.24 million, a PE ratio of 18.92 and a beta of 0.88.
Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Thursday, November 1st. The electronics maker reported $0.75 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 business had revenue of $146.49 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, January 14th. This represents a $0.28 annualized dividend and a yield of 1.24%.
In related news, VP Craig Brosious sold 1,600 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $24.83, for a total transaction of $74,490.00. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock valued at $178,090 over the last three months. 5.37% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the stock. BidaskClub downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 25th.
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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