Assenagon Asset Management S.A. bought a new stake in shares of Bel Fuse, Inc. (NASDAQ:BELFB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,871 shares of the electronics maker’s stock, valued at approximately $256,000. Assenagon Asset Management S.A. owned approximately 0.19% of Bel Fuse at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Metropolitan Life Insurance Co NY acquired a new position in Bel Fuse in the first quarter worth about $84,000. State of Alaska Department of Revenue grew its stake in Bel Fuse by 22.7% in the first quarter. State of Alaska Department of Revenue now owns 9,396 shares of the electronics maker’s stock worth $91,000 after purchasing an additional 1,740 shares in the last quarter. Royal Bank of Canada grew its stake in Bel Fuse by 44.8% in the first quarter. Royal Bank of Canada now owns 11,190 shares of the electronics maker’s stock worth $109,000 after purchasing an additional 3,462 shares in the last quarter. Alliancebernstein L.P. grew its stake in Bel Fuse by 30.0% in the first quarter. Alliancebernstein L.P. now owns 13,200 shares of the electronics maker’s stock worth $129,000 after purchasing an additional 3,050 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Bel Fuse by 12.4% in the first quarter. Two Sigma Advisers LP now owns 19,915 shares of the electronics maker’s stock worth $194,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 62.90% of the company’s stock.
NASDAQ:BELFB opened at $12.20 on Friday. The company has a market capitalization of $149.57 million, a price-to-earnings ratio of -10.89 and a beta of 1.39. Bel Fuse, Inc. has a one year low of $6.30 and a one year high of $21.50. The stock has a 50-day simple moving average of $10.20 and a 200 day simple moving average of $11.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.09 and a current ratio of 3.44.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were issued a $0.07 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $0.28 dividend on an annualized basis and a yield of 2.30%.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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