American Century Companies Inc. Purchases 33,768 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

American Century Companies Inc. lifted its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 10.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 351,755 shares of the electronics maker’s stock after acquiring an additional 33,768 shares during the quarter. American Century Companies Inc.’s holdings in Bel Fuse were worth $29,009,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Bel Fuse by 319.5% during the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after purchasing an additional 28,860 shares during the period. Intech Investment Management LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at approximately $371,000. Geode Capital Management LLC increased its holdings in Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after buying an additional 6,250 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Bel Fuse by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock worth $2,386,000 after buying an additional 2,793 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Down 4.0 %

Shares of BELFB stock opened at $74.20 on Friday. The stock’s fifty day moving average price is $80.13 and its 200 day moving average price is $79.88. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The company has a market cap of $930.39 million, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter in the previous year, the firm posted $1.29 EPS. On average, research analysts expect that Bel Fuse Inc. will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is 8.56%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BELFB. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 target price on the stock. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Needham & Company LLC raised their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and a consensus price target of $103.75.

About Bel Fuse

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.