American Century Companies Inc. Trims Stock Holdings in Bel Fuse Inc. $BELFB

American Century Companies Inc. reduced its position in Bel Fuse Inc. (NASDAQ:BELFB) by 25.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,864 shares of the electronics maker’s stock after selling 92,267 shares during the quarter. American Century Companies Inc. owned about 2.09% of Bel Fuse worth $25,875,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 228 shares during the period. Ameritas Advisory Services LLC acquired a new position in Bel Fuse in the second quarter valued at $50,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bel Fuse in the second quarter valued at about $202,000. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse in the second quarter valued at about $208,000. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Bel Fuse by 33.3% during the second quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker’s stock worth $234,000 after buying an additional 600 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BELFB. Northland Securities set a $188.00 price target on Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC increased their price objective on Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Finally, Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, Bel Fuse presently has an average rating of “Buy” and an average price target of $164.20.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $154.02 on Monday. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $148.34 and a 200-day simple moving average of $123.13. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $167.04.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s payout ratio is presently 5.38%.

Insiders Place Their Bets

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,936 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $279,229.28. Following the transaction, the vice president directly owned 8,319 shares in the company, valued at approximately $1,199,849.37. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,027 shares of company stock worth $435,034. Corporate insiders own 5.37% of the company’s stock.

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.