American Century Companies Inc. Increases Stake in Bel Fuse Inc. (NASDAQ:BELFB)

American Century Companies Inc. raised its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,265 shares of the electronics maker’s stock after buying an additional 28,649 shares during the period. American Century Companies Inc. owned approximately 2.19% of Bel Fuse worth $18,024,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BELFB. Victory Capital Management Inc. grew its position in shares of Bel Fuse by 130.4% during the fourth quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock worth $404,000 after buying an additional 3,428 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bel Fuse by 26.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after acquiring an additional 21,047 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Bel Fuse in the 4th quarter valued at approximately $275,000. Janney Montgomery Scott LLC raised its holdings in shares of Bel Fuse by 8.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 37,532 shares of the electronics maker’s stock valued at $2,506,000 after purchasing an additional 2,977 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Bel Fuse by 4.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Northland Securities raised Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday, September 5th. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $79.79 on Friday. The stock has a fifty day moving average price of $67.21 and a 200 day moving average price of $63.90. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $82.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The company has a market cap of $1.01 billion, a PE ratio of 13.43 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. During the same period in the prior year, the company posted $1.95 earnings per share. Sell-side analysts forecast that Bel Fuse Inc. will post 4.52 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 4.71%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.