Spark Investment Management LLC Has $765,000 Position in Bel Fuse Inc. (BELFB)
Spark Investment Management LLC increased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 30.8% during the second quarter, Holdings Channel reports. The fund owned 31,000 shares of the electronics maker’s stock after buying an additional 7,300 shares during the period. Spark Investment Management LLC’s holdings in Bel Fuse were worth $765,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan boosted its position in Bel Fuse by 1,415.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 29,240 shares of the electronics maker’s stock worth $722,000 after buying an additional 27,310 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Bel Fuse by 239.5% in the second quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after buying an additional 46,319 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Bel Fuse during the first quarter worth approximately $207,000. Bank of America Corp DE boosted its position in 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 worth $351,000 after buying an additional 5,366 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Bel Fuse by 18.7% in the first quarter. Renaissance Technologies LLC now owns 479,717 shares of the electronics maker’s stock worth $12,257,000 after buying an additional 75,700 shares in the last quarter. 60.19% of the stock is currently owned by hedge funds and other institutional investors.
Bel Fuse Inc. (NASDAQ BELFB) opened at 26.50 on Friday. Bel Fuse Inc. has a 12-month low of $20.12 and a 12-month high of $33.60. The stock has a market capitalization of $319.14 million, a PE ratio of 18.74 and a beta of 0.85. The company has a 50-day moving average price of $25.71 and a 200-day moving average price of $25.63.
Bel Fuse (NASDAQ:BELFB) last released its earnings results on Thursday, August 3rd. The electronics maker reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.25. The business had revenue of $131.62 million for the quarter. Bel Fuse had a return on equity of 11.61% and a net margin of 3.44%. Analysts expect that Bel Fuse Inc. will post $1.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.06%. Bel Fuse’s payout ratio is 20.59%.
Bel Fuse Company 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.
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