California Public Employees Retirement System decreased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 26.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,700 shares of the electronics maker’s stock after selling 8,100 shares during the period. California Public Employees Retirement System owned about 0.19% of Bel Fuse worth $580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its stake in Bel Fuse by 48.6% in the first quarter. FMR LLC now owns 55,000 shares of the electronics maker’s stock valued at $1,405,000 after buying an additional 18,000 shares during the last quarter. Principal Financial Group Inc. raised its stake in Bel Fuse by 3.6% in the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock valued at $1,687,000 after buying an additional 2,321 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Bel Fuse by 36.3% in the first 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 last quarter. O Shaughnessy Asset Management LLC raised its stake in Bel Fuse by 125.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,165 shares of the electronics maker’s stock valued at $592,000 after buying an additional 12,891 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its stake in Bel Fuse by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 4,773 shares of the electronics maker’s stock valued at $122,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 60.59% of the company’s stock.

Bel Fuse Inc. (NASDAQ BELFB) traded down 0.58% during midday trading on Monday, hitting $25.85. 6,349 shares of the company traded hands. The stock’s 50-day moving average is $25.90 and its 200-day moving average is $25.42. Bel Fuse Inc. has a 12-month low of $21.09 and a 12-month high of $33.60. The firm has a market capitalization of $311.31 million, a PE ratio of 18.28 and a beta of 0.85.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, August 3rd. The electronics maker reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.25. Bel Fuse had a net margin of 3.44% and a return on equity of 11.61%. The company had revenue of $131.62 million during the quarter. Analysts anticipate that Bel Fuse Inc. will post $1.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, October 12th. Bel Fuse’s dividend payout ratio is presently 20.59%.

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

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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