Polaris Capital Management LLC continued to hold its position in Bel Fuse, Inc. (NASDAQ:BELFB) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,000 shares of the electronics maker’s stock at the close of the second quarter. Polaris Capital Management LLC owned 0.80% of Bel Fuse worth $2,371,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in BELFB. Bank of New York Mellon Corp boosted its position in Bel Fuse by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 141,701 shares of the electronics maker’s stock valued at $3,620,000 after buying an additional 3,858 shares during the period. Comerica Bank boosted its position in Bel Fuse by 3.7% in 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 during the period. Ameriprise Financial Inc. boosted its position in Bel Fuse by 6.4% in the 1st quarter. Ameriprise Financial Inc. now owns 46,075 shares of the electronics maker’s stock valued at $1,177,000 after buying an additional 2,785 shares during the period. State of Tennessee Treasury Department boosted its position in Bel Fuse by 17.8% in 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 during the period. Finally, OppenheimerFunds Inc. boosted its position in Bel Fuse by 36.3% in the 1st quarter. OppenheimerFunds Inc. now owns 14,888 shares of the electronics maker’s stock valued at $381,000 after buying an additional 3,968 shares during the period. 59.29% of the stock is owned by hedge funds and other institutional investors.
Bel Fuse, Inc. (NASDAQ:BELFB) traded up 0.61% during midday trading on Friday, hitting $32.95. 13,722 shares of the stock traded hands. Bel Fuse, Inc. has a 12-month low of $21.65 and a 12-month high of $33.60. The firm has a market cap of $396.82 million, a P/E ratio of 23.30 and a beta of 0.90. The company’s 50-day moving average is $28.55 and its 200 day moving average is $25.64.
Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.25. Bel Fuse had a net margin of 2.37% and a return on equity of 7.57%. The business had revenue of $131.62 million during the quarter. On average, analysts anticipate 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. Stockholders of record on Friday, October 13th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, October 12th. Bel Fuse’s payout ratio is 20.59%.
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Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
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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