Geode Capital Management LLC Acquires 2,778 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Geode Capital Management LLC increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,694 shares of the scientific and technical instruments company’s stock after buying an additional 2,778 shares during the period. Geode Capital Management LLC owned 0.27% of Bel Fuse worth $3,351,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BELFA. Bank of New York Mellon Corp bought a new position in Bel Fuse during the second quarter worth about $444,000. State Street Corp raised its position in shares of Bel Fuse by 12.9% in the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,876 shares during the period. Rhumbline Advisers boosted its stake in Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after acquiring an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Bel Fuse by 632.5% during the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 1,790 shares during the period. Finally, MetLife Investment Management LLC increased its stake 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 valued at $109,000 after purchasing an additional 619 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Price Performance

NASDAQ BELFA opened at $89.50 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 21.67 and a beta of 1.25. The business has a 50 day simple moving average of $96.33 and a 200 day simple moving average of $92.10. Bel Fuse Inc. has a 52-week low of $51.00 and a 52-week high of $106.93.

Bel Fuse Announces Dividend

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

Bel Fuse Company Profile

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.