The State Board of Administration of Florida Retirement System decides to keep it stake in Bel Fuse Inc. (BELFB) to the level of $251,000

The State Board of Administration of Florida Retirement System decides to keep it stake in Bel Fuse Inc. (BELFB) to the level of $251,000

State Board of Administration of Florida Retirement System maintained its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the second quarter, Holdings Channel reports. The institutional investor owned 14,093 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.12% of Bel Fuse worth $251,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Polaris Capital Management LLC raised its stake in Bel Fuse by 479.1% in the second quarter. Polaris Capital Management LLC now owns 96,000 shares of the company’s stock worth $1,707,000 after buying an additional 79,422 shares during the period. Geode Capital Management LLC raised its stake in Bel Fuse by 4.1% in the first quarter. Geode Capital Management LLC now owns 74,720 shares of the company’s stock worth $1,090,000 after buying an additional 2,914 shares during the period. Prudential Financial Inc. raised its stake in Bel Fuse by 4.7% in the first quarter. Prudential Financial Inc. now owns 49,061 shares of the company’s stock worth $716,000 after buying an additional 2,200 shares during the period. Acadian Asset Management LLC raised its stake in Bel Fuse by 25.2% in the second quarter. Acadian Asset Management LLC now owns 38,802 shares of the company’s stock worth $690,000 after buying an additional 7,800 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Bel Fuse by 2.9% in the second quarter. New York State Teachers Retirement System now owns 34,902 shares of the company’s stock worth $621,000 after buying an additional 1,000 shares during the period. Institutional investors own 53.38% of the company’s stock.

Bel Fuse Inc. (NASDAQ:BELFB) traded down 1.98% during midday trading on Monday, hitting $24.30. The stock had a trading volume of 4,887 shares. The company’s 50-day moving average price is $23.78 and its 200 day moving average price is $19.42. The stock’s market cap is $290.09 million. Bel Fuse Inc. has a 12-month low of $13.31 and a 12-month high of $25.25.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, October 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.28 dividend on an annualized basis and a yield of 1.13%. Bel Fuse’s payout ratio is -4.96%.

Separately, TheStreet upgraded Bel Fuse from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th.

About Bel Fuse

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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