Barclays PLC Purchases 1,701 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Barclays PLC grew its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 278.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,311 shares of the scientific and technical instruments company’s stock after buying an additional 1,701 shares during the period. Barclays PLC’s holdings in Bel Fuse were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BELFA. Bank of New York Mellon Corp bought a new position in Bel Fuse in the 2nd quarter valued at about $444,000. State Street Corp raised its stake in shares of Bel Fuse by 12.9% in 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. Rhumbline Advisers raised its stake in shares of Bel Fuse by 2,346.3% in 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 holdings in shares of Bel Fuse by 632.5% in 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 in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of 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 valued at $109,000 after buying an additional 619 shares during the last quarter. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Trading Up 1.0 %

NASDAQ BELFA opened at $89.50 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $96.33 and a 200 day simple moving average of $92.10. Bel Fuse Inc. has a 12 month low of $51.00 and a 12 month high of $106.93. The firm has a market capitalization of $1.12 billion, a P/E ratio of 21.67 and a beta of 1.25.

Bel Fuse Dividend Announcement

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