JPMorgan Chase & Co. Has $2.39 Million Stake in Bel Fuse Inc. (NASDAQ:BELFB)

JPMorgan Chase & Co. increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,387 shares of the electronics maker’s stock after purchasing an additional 2,793 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Bel Fuse worth $2,386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Bel Fuse in the 3rd quarter worth about $39,000. BNP Paribas Financial Markets increased its position in Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new position in Bel Fuse in the 3rd quarter worth about $200,000. One Wealth Advisors LLC acquired a new position in Bel Fuse in the 3rd quarter worth about $227,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Bel Fuse in the 3rd quarter worth about $288,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Northland Securities increased their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. StockNews.com raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Needham & Company LLC increased their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Oppenheimer assumed coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and a consensus target price of $98.33.

Insider Transactions at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

Bel Fuse Trading Up 3.1 %

Shares of BELFB opened at $82.43 on Wednesday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $81.01 and a 200-day simple moving average of $75.25. The stock has a market cap of $1.03 billion, a PE ratio of 18.91, a PEG ratio of 0.94 and a beta of 1.30.

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.