Bank of New York Mellon Corp Has $3.47 Million Position in Bel Fuse Inc. (BELFB)
Bank of New York Mellon Corp lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,327 shares of the electronics maker’s stock after selling 1,374 shares during the period. Bank of New York Mellon Corp owned approximately 1.17% of Bel Fuse worth $3,466,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. ClariVest Asset Management LLC increased its position in Bel Fuse by 5.4% during the 1st quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock valued at $122,000 after buying an additional 243 shares in the last quarter. Globeflex Capital L P increased its position in Bel Fuse by 8,226.6% during the 1st quarter. Globeflex Capital L P now owns 5,329 shares of the electronics maker’s stock valued at $136,000 after buying an additional 5,265 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Bel Fuse during the 1st quarter valued at approximately $207,000. State of Tennessee Treasury Department increased its position in Bel Fuse by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock valued at $213,000 after buying an additional 1,256 shares in the last quarter. Finally, Comerica Bank increased its position in Bel Fuse by 3.7% during the 1st quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock valued at $231,000 after buying an additional 344 shares in the last quarter. 59.29% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/bank-of-new-york-mellon-corp-has-3-47-million-position-in-bel-fuse-inc-belfb/1618846.html.
Separately, BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
Bel Fuse Inc. (BELFB) opened at 32.55 on Monday. The company has a market cap of $392.00 million, a price-to-earnings ratio of 23.02 and a beta of 0.89. The company’s 50-day moving average price is $27.74 and its 200-day moving average price is $25.35. Bel Fuse Inc. has a 52-week low of $21.65 and a 52-week high of $33.60.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.25. The company had revenue of $131.62 million during the quarter. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. Equities research analysts expect that Bel Fuse Inc. will post $1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is 20.59%.
Bel Fuse Company Profile
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.
Want to see what other hedge funds are holding BELFB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bel Fuse Inc. (NASDAQ:BELFB).
Receive News & Ratings for Bel Fuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.