Parametric Portfolio Associates LLC Raises Position in Bel Fuse Inc. (NASDAQ:BELFB)

Parametric Portfolio Associates LLC lifted its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 46.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 26,633 shares of the electronics maker’s stock after buying an additional 8,403 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.22% of Bel Fuse worth $658,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of BELFB. Principal Financial Group Inc. grew its stake in shares of Bel Fuse by 0.9% in the 2nd quarter. Principal Financial Group Inc. now owns 66,603 shares of the electronics maker’s stock worth $1,645,000 after purchasing an additional 587 shares during the last quarter. WealthTrust Axiom LLC grew its stake in shares of Bel Fuse by 10.2% in the 2nd quarter. WealthTrust Axiom LLC now owns 10,829 shares of the electronics maker’s stock worth $267,000 after purchasing an additional 1,000 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Bel Fuse by 6.2% in the 2nd quarter. Teachers Advisors LLC now owns 18,018 shares of the electronics maker’s stock worth $445,000 after purchasing an additional 1,049 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Bel Fuse by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 16,472 shares of the electronics maker’s stock worth $407,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Bel Fuse by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 49,180 shares of the electronics maker’s stock worth $1,215,000 after purchasing an additional 3,105 shares during the last quarter. Institutional investors own 60.07% of the company’s stock.

In other news, insider Daniel Bernstein sold 3,000 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 9th. The shares were 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 cut shares of Bel Fuse from a “hold” rating to a “sell” rating in a report on Thursday.

Bel Fuse Inc. (BELFB) traded down $0.25 during mid-day trading on Thursday, hitting $25.25. 20,658 shares of the company traded hands, compared to its average volume of 31,604. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 2.66. The firm has a market capitalization of $306.21, a PE ratio of 19.43 and a beta of 0.74. Bel Fuse Inc. has a twelve month low of $21.65 and a twelve month high of $33.60.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 11th. Bel Fuse’s dividend payout ratio is currently 28.57%.

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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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