American Century Companies Inc. lifted its position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,755 shares of the electronics maker's stock after buying an additional 33,768 shares during the period. American Century Companies Inc. owned approximately 2.80% of Bel Fuse worth $29,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock worth $172,000 after buying an additional 200 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Bel Fuse during the third quarter valued at approximately $288,000. SG Americas Securities LLC lifted its holdings in shares of Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after buying an additional 1,146 shares during the period. Principal Financial Group Inc. lifted its stake in Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after acquiring an additional 249 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at approximately $371,000. 58.39% of the stock is currently owned by institutional investors.
Bel Fuse Stock Down 14.9 %
Bel Fuse stock traded down $11.34 during trading on Thursday, reaching $64.63. The stock had a trading volume of 103,881 shares, compared to its average volume of 78,198. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse Inc. has a 52-week low of $53.74 and a 52-week high of $92.61. The stock has a market cap of $810.40 million, a PE ratio of 19.76, a P/E/G ratio of 1.24 and a beta of 1.12. The business has a 50 day moving average price of $79.41 and a 200 day moving average price of $79.93.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period last year, the business posted $1.29 EPS. On average, analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.
Bel Fuse Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's payout ratio is 8.56%.
Wall Street Analyst Weigh In
Several research firms have issued reports on BELFB. Craig Hallum assumed coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target on the stock. StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Oppenheimer assumed coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 target price on the stock. Finally, Needham & Company LLC lifted their price objective 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 analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Bel Fuse presently has an average rating of "Buy" and a consensus target price of $103.75.
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About Bel Fuse
(
Free Report)
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.
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