JPMorgan Chase & Co. increased its position in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 4,248.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,581 shares of the scientific and technical instruments company's stock after purchasing an additional 66,027 shares during the quarter. JPMorgan Chase & Co. owned 0.54% of Bel Fuse worth $6,720,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in BELFA. Bank of New York Mellon Corp bought a new position in shares of Bel Fuse during the second quarter valued at approximately $444,000. State Street Corp boosted its position in Bel Fuse by 12.9% during 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 purchasing an additional 2,876 shares during the period. Geode Capital Management LLC grew its stake in Bel Fuse by 9.0% during 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. Rhumbline Advisers increased its position in Bel Fuse by 2,346.3% in the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company's stock worth $158,000 after buying an additional 1,877 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock valued at $206,000 after buying an additional 1,790 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.
Bel Fuse Stock Performance
Shares of Bel Fuse stock traded down $1.96 during trading on Thursday, hitting $85.03. 7,536 shares of the stock were exchanged, compared to its average volume of 10,144. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse Inc. has a 12 month low of $51.00 and a 12 month high of $106.93. The stock's fifty day moving average is $94.21 and its 200 day moving average is $92.29. The stock has a market cap of $1.07 billion, a PE ratio of 20.59 and a beta of 1.25.
Bel Fuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.28%. Bel Fuse's dividend payout ratio is presently 5.81%.
Bel Fuse Profile
(
Free Report)
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.
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