O Shaughnessy Asset Management LLC Has $592,000 Holding in Bel Fuse, Inc. (BELFB)

O Shaughnessy Asset Management LLC Has $592,000 Holding in Bel Fuse, Inc. (BELFB)

O Shaughnessy Asset Management LLC boosted its position in Bel Fuse, Inc. (NASDAQ:BELFB) by 125.5% during the first quarter, Holdings Channel reports. The fund owned 23,165 shares of the electronics maker’s stock after buying an additional 12,891 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Bel Fuse were worth $592,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. ClariVest Asset Management LLC increased 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 worth $122,000 after buying an additional 243 shares during the last quarter. Cigna Investments Inc. New bought a new position in Bel Fuse during the fourth quarter worth $249,000. State of Tennessee Treasury Department boosted its position in Bel Fuse by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,323 shares of the electronics maker’s stock worth $213,000 after buying an additional 1,256 shares during the period. Comerica Bank boosted its position in Bel Fuse by 5.0% in the fourth quarter. Comerica Bank now owns 9,205 shares of the electronics maker’s stock worth $297,000 after buying an additional 437 shares during the period. Finally, Bessemer Group Inc. boosted its position in Bel Fuse by 25.9% in the fourth quarter. Bessemer Group Inc. now owns 19,900 shares of the electronics maker’s stock worth $615,000 after buying an additional 4,100 shares during the period. Institutional investors own 57.79% of the company’s stock.

Bel Fuse, Inc. (NASDAQ BELFB) traded down 2.264% during trading on Monday, hitting $24.825. The stock had a trading volume of 13,494 shares. The firm’s 50-day moving average price is $23.68 and its 200-day moving average price is $27.45. Bel Fuse, Inc. has a 1-year low of $16.81 and a 1-year high of $33.60. The stock has a market cap of $298.22 million, a PE ratio of 8.110 and a beta of 0.92.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, May 3rd. The electronics maker reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.22. Bel Fuse had a negative net margin of 12.73% and a positive return on equity of 13.00%. The company had revenue of $113.67 million for the quarter. On average, equities research analysts predict that Bel Fuse, Inc. will post $1.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, July 12th. Bel Fuse’s dividend payout ratio is currently -5.33%.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Bel Fuse in a report on Tuesday, February 21st.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BELFB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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