Marshall Wace LLP Lowers Stake in Bel Fuse Inc. (NASDAQ:BELFA)

Marshall Wace LLP reduced its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 62.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,008 shares of the scientific and technical instruments company’s stock after selling 5,021 shares during the quarter. Marshall Wace LLP’s holdings in Bel Fuse were worth $243,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BELFA. Janney Montgomery Scott LLC lifted its stake in Bel Fuse by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock valued at $929,000 after buying an additional 1,063 shares in the last quarter. Rhumbline Advisers lifted its stake in 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 valued at $158,000 after buying an additional 1,877 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Bel Fuse in the 2nd quarter valued at about $444,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Trading Up 2.7 %

Shares of Bel Fuse stock opened at $103.55 on Friday. The firm has a market capitalization of $1.31 billion, a PE ratio of 18.39 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a twelve month low of $38.82 and a twelve month high of $104.97. The firm’s 50-day moving average price is $90.66 and its 200 day moving average price is $82.28.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 EPS for the quarter, beating the consensus estimate of $0.87 by $0.59. The firm had revenue of $133.21 million for the quarter. Bel Fuse had a net margin of 11.81% and a return on equity of 21.62%.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Tuesday, October 15th. Bel Fuse’s payout ratio is presently 4.26%.

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.