LSV Asset Management maintained its stake in Bel Fuse Inc. (NASDAQ:BELFB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,294 shares of the electronics maker’s stock at the end of the 2nd quarter. LSV Asset Management owned 3.17% of Bel Fuse worth $9,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P increased its holdings in shares of Bel Fuse by 5.0% in the first quarter. Martingale Asset Management L P now owns 82,522 shares of the electronics maker’s stock valued at $2,109,000 after purchasing an additional 3,901 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Bel Fuse by 3.6% in the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock valued at $1,687,000 after purchasing an additional 2,321 shares in the last quarter. Comerica Bank increased its holdings in shares of Bel Fuse by 3.7% in the first quarter. Comerica Bank now owns 9,549 shares of the electronics maker’s stock valued at $231,000 after purchasing an additional 344 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Bel Fuse by 64.0% in the first quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock valued at $351,000 after purchasing an additional 5,366 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Bel Fuse by 239.5% in the second quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock valued at $1,622,000 after purchasing an additional 46,319 shares in the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub lowered shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.

Shares of Bel Fuse Inc. (BELFB) opened at 27.00 on Friday. The company has a 50 day moving average of $26.28 and a 200-day moving average of $24.88. The firm has a market cap of $325.16 million, a price-to-earnings ratio of 19.09 and a beta of 0.84. Bel Fuse Inc. has a one year low of $21.51 and a one year high of $33.60.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.25. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. The company had revenue of $131.62 million during the quarter. On average, analysts expect that Bel Fuse Inc. will post $1.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s dividend payout ratio (DPR) is presently 20.59%.

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Bel Fuse 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.

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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