Bel Fuse (NASDAQ:BELFB) Downgraded to Buy Rating by StockNews.com

StockNews.com downgraded shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a research note released on Wednesday.

BELFB has been the subject of several other research reports. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Needham & Company LLC lifted their target price on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Northland Securities increased their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bel Fuse has an average rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Trading Up 0.3 %

Shares of NASDAQ BELFB opened at $83.25 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 0.97 and a beta of 1.30. The business has a fifty day simple moving average of $81.91 and a 200-day simple moving average of $75.94.

Insiders Place Their Bets

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the insider now directly owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Bel Fuse by 2.2% in the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after purchasing an additional 6,250 shares during the period. Janus Henderson Group PLC increased its position in Bel Fuse by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after buying an additional 25,607 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Bel Fuse by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock valued at $14,093,000 after acquiring an additional 12,007 shares during the period. Portolan Capital Management LLC boosted its position in shares of Bel Fuse by 122.8% in the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock valued at $9,489,000 after acquiring an additional 66,621 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Bel Fuse by 15.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after acquiring an additional 15,296 shares during the period. Institutional investors own 58.39% 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.