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

Geode Capital Management LLC increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,694 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,778 shares during the period. Geode Capital Management LLC’s holdings in Bel Fuse were worth $3,351,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BELFA. Bank of New York Mellon Corp bought a new stake in shares of Bel Fuse during the 2nd quarter worth approximately $444,000. State Street Corp raised its position 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 acquiring an additional 2,876 shares in the last quarter. Rhumbline Advisers lifted its stake in 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 valued at $158,000 after acquiring an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 valued at $206,000 after acquiring an additional 1,790 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Bel Fuse by 129.2% during the 3rd 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. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Trading Up 1.0 %

Shares of NASDAQ:BELFA opened at $89.50 on Tuesday. Bel Fuse Inc. has a 52-week low of $51.00 and a 52-week high of $106.93. 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 company has a market capitalization of $1.12 billion, a P/E ratio of 21.67 and a beta of 1.25. The company has a 50-day simple moving average of $96.33 and a 200 day simple moving average of $92.10.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. 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 dividend payout ratio is currently 5.81%.

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.