JPMorgan Chase & Co. Reduces Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

JPMorgan Chase & Co. decreased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 30.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,062 shares of the electronics maker’s stock after selling 9,325 shares during the quarter. JPMorgan Chase & Co. owned about 0.17% of Bel Fuse worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in Bel Fuse during the fourth quarter valued at approximately $148,000. SG Americas Securities LLC grew its position in shares of Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after purchasing an additional 1,146 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Bel Fuse in the fourth quarter worth $371,000. Finally, Summit Global Investments raised its position in shares of Bel Fuse by 34.7% in the fourth quarter. Summit Global Investments now owns 8,209 shares of the electronics maker’s stock worth $677,000 after buying an additional 2,114 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $70.16 on Friday. Bel Fuse Inc. has a 1-year low of $57.00 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The business has a 50 day moving average of $74.67 and a 200 day moving average of $78.75. The company has a market capitalization of $879.74 million, a price-to-earnings ratio of 21.46, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. On average, sell-side analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.56%.

Analysts Set New Price Targets

Several equities analysts recently commented on BELFB shares. Needham & Company LLC boosted their target price on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Craig Hallum started coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bel Fuse currently has an average rating of “Buy” and an average target price of $103.75.

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.