Bel Fuse Inc. (NASDAQ:BELFA) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 278.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,311 shares of the scientific and technical instruments company’s stock after buying an additional 1,701 shares during the quarter. Barclays PLC’s holdings in Bel Fuse were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC lifted its stake in Bel Fuse by 129.2% during 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 during the last quarter. Rhumbline Advisers lifted its stake in Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 worth $206,000 after purchasing an additional 1,790 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Bel Fuse during the second quarter worth $444,000. Finally, State Street Corp lifted its stake in Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,876 shares during the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Stock Performance

BELFA stock opened at $88.61 on Wednesday. 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 capitalization of $1.11 billion, a price-to-earnings ratio of 21.46 and a beta of 1.25. Bel Fuse Inc. has a 1 year low of $51.00 and a 1 year high of $106.93. The stock’s fifty day moving average is $93.12 and its two-hundred day moving average is $92.58.

Bel Fuse 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.