Bank of America Corp DE Purchases 486 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

Bank of America Corp DE raised its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 41.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,648 shares of the scientific and technical instruments company’s stock after acquiring an additional 486 shares during the period. Bank of America Corp DE’s holdings in Bel Fuse were worth $148,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research note on Monday, June 9th. Craig Hallum set a $115.00 price target on Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Stock Up 4.0%

BELFA stock opened at $81.41 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 26.35 and a beta of 1.05. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a twelve month low of $53.95 and a twelve month high of $106.93. The business has a 50 day moving average price of $66.97 and a two-hundred day moving average price of $78.13.

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

Bel Fuse Announces Dividend

The company 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 $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s payout ratio is 7.36%.

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.