JPMorgan Chase & Co. Acquires 45,710 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

JPMorgan Chase & Co. boosted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 67.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,291 shares of the scientific and technical instruments company's stock after purchasing an additional 45,710 shares during the period. JPMorgan Chase & Co. owned 0.90% of Bel Fuse worth $10,205,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BELFA. American Century Companies Inc. lifted its position in shares of Bel Fuse by 58.1% during the fourth 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 in the last quarter. Barclays PLC boosted its position in Bel Fuse by 278.9% in the 3rd 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 last quarter. Geode Capital Management LLC boosted its position in 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 valued at $3,351,000 after buying an additional 2,778 shares during the last quarter. State Street Corp increased its stake 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, BNP Paribas Financial Markets raised its position in shares of 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 worth $206,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors own 6.01% of the company's stock.

Bel Fuse Trading Up 2.3 %

Shares of Bel Fuse stock traded up $1.49 during trading on Friday, hitting $66.21. 3,584 shares of the company were exchanged, compared to its average volume of 12,300. 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 firm has a market capitalization of $830.21 million, a P/E ratio of 21.43 and a beta of 0.99. The firm's fifty day moving average price is $74.30 and its 200 day moving average price is $87.52. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $106.93.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data 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. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The firm had revenue of $149.86 million during the quarter, compared to analysts' expectations of $126.41 million.

Bel Fuse Announces Dividend

The firm 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 $0.06 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. Bel Fuse's payout ratio is 7.77%.

Wall Street Analyst Weigh In

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

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.