Spark Investment Management LLC Continues to Hold Position in Bel Fuse Inc. (BELFB)
Spark Investment Management LLC maintained its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,900 shares of the company’s stock at the end of the third quarter. Spark Investment Management LLC owned about 0.25% of Bel Fuse worth $721,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. BlackRock Fund Advisors increased its stake in Bel Fuse by 5.6% in the third quarter. BlackRock Fund Advisors now owns 642,713 shares of the company’s stock worth $15,515,000 after buying an additional 33,922 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Bel Fuse by 69.5% in the third quarter. JPMorgan Chase & Co. now owns 534,013 shares of the company’s stock worth $12,890,000 after buying an additional 218,896 shares in the last quarter. Vanguard Group Inc. increased its stake in Bel Fuse by 4.2% in the second quarter. Vanguard Group Inc. now owns 408,885 shares of the company’s stock worth $7,269,000 after buying an additional 16,636 shares in the last quarter. Boston Partners increased its stake in Bel Fuse by 7.6% in the third quarter. Boston Partners now owns 284,815 shares of the company’s stock worth $6,875,000 after buying an additional 20,066 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Bel Fuse by 5.1% in the third quarter. Northern Trust Corp now owns 136,730 shares of the company’s stock worth $3,301,000 after buying an additional 6,693 shares in the last quarter. 56.35% of the stock is owned by institutional investors.
Bel Fuse Inc. (NASDAQ:BELFB) traded up 0.62% during mid-day trading on Friday, reaching $32.25. The company’s stock had a trading volume of 22,292 shares. Bel Fuse Inc. has a 12-month low of $13.31 and a 12-month high of $33.60. The firm’s market cap is $384.84 million. The company has a 50-day moving average price of $30.96 and a 200-day moving average price of $24.42.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%. Bel Fuse’s payout ratio is -5.33%.
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In other news, VP Dennis Ackerman sold 2,500 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $25.53, for a total transaction of $63,825.00. Following the completion of the sale, the vice president now owns 5,000 shares of the company’s stock, valued at $127,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Peter G. Bittner III sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $29.94, for a total transaction of $149,700.00. Following the sale, the vice president now directly owns 11,500 shares of the company’s stock, valued at approximately $344,310. The disclosure for this sale can be found here. 8.84% of the stock is currently owned by company insiders.
About Bel Fuse
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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