Cynosure Group LLC Acquires Shares of 4,302 Bel Fuse Inc. (NASDAQ:BELFA)

Key Points

• Cynosure Group LLC has acquired 4,302 shares of Bel Fuse Inc. valued at approximately $310,000, according to a recent SEC filing.
• Several large investors, including JPMorgan Chase & Co. and Geode Capital Management LLC, have increased their stakes in Bel Fuse during the fourth quarter, reflecting strong institutional interest.
• Bel Fuse recently reported earnings per share (EPS) of $1.58, surpassing analyst expectations, and announced a quarterly dividend of $0.06 to be issued on October 31st.

Cynosure Group LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,302 shares of the scientific and technical instruments company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Bel Fuse by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company's stock valued at $10,205,000 after buying an additional 45,710 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Bel Fuse by 199.9% during the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company's stock worth $1,479,000 after purchasing an additional 10,945 shares in the last quarter. Herald Investment Management Ltd acquired a new position in shares of Bel Fuse during the 4th quarter worth approximately $360,000. Marshall Wace LLP acquired a new position in shares of Bel Fuse during the 4th quarter worth approximately $337,000. Finally, Geode Capital Management LLC grew its position in shares of Bel Fuse by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock worth $3,321,000 after purchasing an additional 3,167 shares in the last quarter. 6.01% of the stock is owned by institutional investors.

Bel Fuse Stock Performance

Shares of BELFA traded down $3.00 during trading hours on Thursday, hitting $113.66. The company's stock had a trading volume of 6,988 shares, compared to its average volume of 7,595. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 29.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The business has a 50 day simple moving average of $93.64 and a two-hundred day simple moving average of $79.81. Bel Fuse Inc. has a 52-week low of $53.95 and a 52-week high of $119.30.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.43. Bel Fuse had a net margin of 8.59% and a return on equity of 18.33%. The business had revenue of $168.30 million during the quarter, compared to analyst estimates of $149.60 million.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Bel Fuse's dividend payout ratio is 6.22%.

Wall Street Analyst Weigh In

Separately, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research note on Monday, June 9th.

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.