JPMorgan Chase & Co. Acquires 66,027 Shares of Bel Fuse Inc. (NASDAQ:BELFA)

JPMorgan Chase & Co. grew its holdings in Bel Fuse Inc. (NASDAQ:BELFA) by 4,248.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,581 shares of the scientific and technical instruments company’s stock after buying an additional 66,027 shares during the period. JPMorgan Chase & Co. owned 0.54% of Bel Fuse worth $6,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BELFA. MetLife Investment Management LLC grew its stake in Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. Rhumbline Advisers grew its position in shares of 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 valued at $158,000 after purchasing an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 1,790 shares during the period. Barclays PLC lifted its holdings in Bel Fuse by 278.9% during the 3rd 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. Finally, Bank of New York Mellon Corp bought a new stake in Bel Fuse in the 2nd quarter valued at $444,000. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

Shares of NASDAQ BELFA opened at $86.99 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 21.06 and a beta of 1.25. The stock’s fifty day moving average price is $94.53 and its two-hundred day moving average price is $92.32. Bel Fuse Inc. has a one year low of $51.00 and a one year high of $106.93.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is 5.81%.

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.