Bel Fuse Inc. (NASDAQ:BELFA) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 67.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,291 shares of the scientific and technical instruments company’s stock after acquiring an additional 45,710 shares during the quarter. JPMorgan Chase & Co. owned about 0.90% of Bel Fuse worth $10,205,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BELFA. State Street Corp grew 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 valued at $2,498,000 after acquiring an additional 2,876 shares during the period. American Century Companies Inc. grew its holdings in shares of Bel Fuse by 58.1% during the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after purchasing an additional 11,031 shares during the period. Geode Capital Management LLC increased its position in Bel Fuse by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after purchasing an additional 2,778 shares in the last quarter. Barclays PLC raised its holdings in Bel Fuse by 278.9% in the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after buying an additional 1,701 shares during the period. Finally, BNP Paribas Financial Markets lifted its position 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 valued at $206,000 after buying an additional 1,790 shares in the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the stock a “buy” rating in a research report on Tuesday, March 25th.

Bel Fuse Trading Up 1.8 %

NASDAQ:BELFA opened at $66.95 on Tuesday. The business’s 50-day moving average is $75.61 and its two-hundred day moving average is $88.44. The firm has a market capitalization of $839.49 million, a PE ratio of 21.67 and a beta of 0.99. Bel Fuse Inc. has a 12 month low of $53.95 and a 12 month high of $106.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. Bel Fuse’s payout ratio is currently 7.77%.

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.