New York State Common Retirement Fund lessened its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,500 shares of the electronics maker’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.08% of Bel Fuse worth $235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Bel Fuse by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after acquiring an additional 24,686 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Bel Fuse by 239.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock valued at $1,622,000 after buying an additional 46,319 shares during the last quarter. Bank of America Corp DE increased its stake in Bel Fuse by 64.0% in the 1st quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock valued at $351,000 after buying an additional 5,366 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Bel Fuse in the 2nd quarter valued at about $505,000. Finally, Dimensional Fund Advisors LP increased its stake in Bel Fuse by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 766,103 shares of the electronics maker’s stock valued at $19,573,000 after buying an additional 6,856 shares during the last quarter. Institutional investors own 59.34% of the company’s stock.

Shares of Bel Fuse Inc. (BELFB) opened at $27.85 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 1.59. The company has a market cap of $347.12, a PE ratio of 22.02 and a beta of 0.83. Bel Fuse Inc. has a one year low of $21.65 and a one year high of $33.60.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. Bel Fuse’s payout ratio is currently 28.57%.

In other news, insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total transaction of $73,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total transaction of $61,575.00. The disclosure for this sale can be found here. Company insiders own 8.84% of the company’s stock.

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

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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.

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

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