American Century Companies Inc. Increases Stock Position in Bel Fuse Inc. (NASDAQ:BELFA)

American Century Companies Inc. increased its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA - Free Report) by 58.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,019 shares of the scientific and technical instruments company's stock after purchasing an additional 11,031 shares during the quarter. American Century Companies Inc. owned about 0.24% of Bel Fuse worth $2,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock valued at $6,720,000 after purchasing an additional 66,027 shares during the period. State Street Corp lifted its stake in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company's stock worth $2,498,000 after buying an additional 2,876 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Bel Fuse by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock worth $3,351,000 after purchasing an additional 2,778 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock valued at $206,000 after purchasing an additional 1,790 shares during the period. Finally, Barclays PLC raised its holdings in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock valued at $230,000 after acquiring an additional 1,701 shares in the last quarter. 6.01% of the stock is owned by institutional investors.

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Bel Fuse Trading Up 3.3 %

Shares of BELFA stock traded up $2.07 during trading hours on Friday, hitting $65.75. 1,967 shares of the company were exchanged, compared to its average volume of 12,274. The firm has a market cap of $824.44 million, a P/E ratio of 21.28 and a beta of 0.99. Bel Fuse Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $106.93. The company has a 50 day simple moving average of $75.94 and a two-hundred day simple moving average of $88.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.44. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio is currently 7.77%.

Analysts Set New Price Targets

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.

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.