American Century Companies Inc. Sells 93,316 Shares of Bel Fuse Inc. $BELFB

American Century Companies Inc. reduced its position in Bel Fuse Inc. (NASDAQ:BELFB) by 35.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 171,548 shares of the electronics maker’s stock after selling 93,316 shares during the period. American Century Companies Inc. owned about 1.35% of Bel Fuse worth $24,192,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BELFB. Thrivent Financial for Lutherans raised its stake in Bel Fuse by 66.8% in the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after buying an additional 98,178 shares during the period. Wasatch Advisors LP boosted its stake in shares of Bel Fuse by 33.6% during the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after acquiring an additional 71,390 shares during the period. SG Capital Management LLC bought a new position in shares of Bel Fuse during the 2nd quarter worth approximately $2,074,000. Bank of America Corp DE increased its holdings in shares of Bel Fuse by 185.8% during the 2nd quarter. Bank of America Corp DE now owns 22,055 shares of the electronics maker’s stock worth $2,155,000 after acquiring an additional 14,339 shares during the last quarter. Finally, Tema Etfs LLC increased its holdings in shares of Bel Fuse by 34.6% during the 2nd quarter. Tema Etfs LLC now owns 51,717 shares of the electronics maker’s stock worth $5,052,000 after acquiring an additional 13,300 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $191.87 on Monday. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $248.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The firm’s 50-day simple moving average is $207.57 and its 200 day simple moving average is $171.05. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 39.08, a P/E/G ratio of 1.95 and a beta of 1.51.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 5.70%.

Insiders Place Their Bets

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the sale, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Sunday. Northland Securities set a $266.00 target price on shares of Bel Fuse in a report on Thursday, February 19th. Zacks Research cut shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Needham & Company LLC boosted their price objective on Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $196.20.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.