Barclays PLC Purchases 312 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Barclays PLC increased its position in Bel Fuse Inc. (NASDAQ:BELFA) by 13.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,623 shares of the scientific and technical instruments company’s stock after buying an additional 312 shares during the period. Barclays PLC’s holdings in Bel Fuse were worth $237,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock worth $10,205,000 after buying an additional 45,710 shares in the last quarter. American Century Companies Inc. increased its holdings in Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after acquiring an additional 11,031 shares during the last quarter. Geode Capital Management LLC lifted its stake in Bel Fuse by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after purchasing an additional 3,167 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 223 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Bel Fuse by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock valued at $3,896,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analyst Weigh In

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

Bel Fuse Stock Up 9.8%

Shares of BELFA opened at $71.14 on Tuesday. 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 stock has a market capitalization of $901.13 million, a price-to-earnings ratio of 23.02 and a beta of 1.17. Bel Fuse Inc. has a 1 year low of $53.95 and a 1 year high of $106.93. The business’s 50 day simple moving average is $68.60 and its 200-day simple moving average is $83.12.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.29. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is 7.36%.

About Bel Fuse

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.