State Street Corp Increases Stock Holdings in Bel Fuse Inc. (NASDAQ:BELFA)

State Street Corp raised its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,125 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,876 shares during the quarter. State Street Corp’s holdings in Bel Fuse were worth $2,498,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC raised its holdings in Bel Fuse by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 619 shares in the last quarter. Rhumbline Advisers grew its position in shares of Bel Fuse by 2,346.3% in the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 1,877 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Bel Fuse during the 2nd quarter valued at about $444,000. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Price Performance

Shares of BELFA opened at $90.08 on Wednesday. Bel Fuse Inc. has a fifty-two week low of $51.00 and a fifty-two week high of $106.93. The firm’s 50-day simple moving average is $97.41 and its two-hundred day simple moving average is $91.92. The stock has a market cap of $1.13 billion, a PE ratio of 21.81 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. Bel Fuse’s payout ratio is currently 5.81%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.