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 4th quarter, Holdings Channel.com reports. The fund owned 113,291 shares of the scientific and technical instruments company’s stock after purchasing an additional 45,710 shares during the quarter. JPMorgan Chase & Co.’s holdings in Bel Fuse were worth $10,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BELFA. Barclays PLC lifted its stake in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 1,790 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bel Fuse by 9.0% in 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 buying an additional 2,778 shares during the last quarter. State Street Corp boosted its holdings in shares of Bel Fuse by 12.9% in the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after buying an additional 2,876 shares during the period. Finally, American Century Companies Inc. grew its position 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 valued at $2,704,000 after buying an additional 11,031 shares during the last quarter. 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 shares of Bel Fuse and gave the stock a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Trading Up 1.8 %

NASDAQ:BELFA opened at $66.95 on Tuesday. The firm has a market capitalization of $839.49 million, a P/E ratio of 21.67 and a beta of 0.99. The business has a 50 day simple moving average of $75.61 and a 200 day simple moving average of $88.44. 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 Inc. has a 12-month low of $53.95 and a 12-month high of $106.93.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.44. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 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 Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is 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.