New York State Teachers Retirement System cut its stake in Bel Fuse, Inc. (NASDAQ:BELFB) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 33,402 shares of the company’s stock after selling 400 shares during the period. New York State Teachers Retirement System owned about 0.28% of Bel Fuse worth $1,032,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC raised its stake in shares of Bel Fuse by 11,270.7% in the third quarter. ClariVest Asset Management LLC now owns 4,662 shares of the company’s stock worth $112,000 after buying an additional 4,621 shares in the last quarter. Comerica Bank raised its stake in shares of Bel Fuse by 5.0% in the fourth quarter. Comerica Bank now owns 9,205 shares of the company’s stock worth $297,000 after buying an additional 437 shares in the last quarter. WealthTrust Axiom LLC bought a new stake in shares of Bel Fuse during the third quarter worth approximately $237,000. O Shaughnessy Asset Management LLC raised its stake in shares of Bel Fuse by 318.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,274 shares of the company’s stock worth $317,000 after buying an additional 7,821 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of Bel Fuse by 61.7% in the third quarter. Acrospire Investment Management LLC now owns 10,568 shares of the company’s stock worth $255,000 after buying an additional 4,034 shares in the last quarter. 57.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bel Fuse, Inc. (NASDAQ:BELFB) opened at 22.25 on Friday. The company’s market cap is $267.58 million. Bel Fuse, Inc. has a one year low of $13.31 and a one year high of $33.60. The firm’s 50-day moving average is $27.23 and its 200-day moving average is $27.74.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, April 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, April 11th. Bel Fuse’s dividend payout ratio is currently -5.33%.
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A number of brokerages have commented on BELFB. B. Riley began coverage on shares of Bel Fuse in a report on Monday, January 23rd. They set a “buy” rating and a $39.00 price objective on the stock. 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.
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