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

StockNews.com lowered shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

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

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $81.10 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. The stock’s fifty day moving average is $82.06 and its two-hundred day moving average is $76.07. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $92.61. The company has a market capitalization of $1.02 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30.

Insider Activity

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

Institutional Trading of Bel Fuse

A number of institutional investors have recently modified their holdings of BELFB. Barclays PLC boosted its holdings in Bel Fuse by 319.5% in the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Bel Fuse by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after purchasing an additional 8,442 shares during the last quarter. Geode Capital Management LLC grew its position in Bel Fuse by 2.2% during the 3rd 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 last quarter. JPMorgan Chase & Co. increased its stake in Bel Fuse by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Bel Fuse by 80.7% in the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after buying an additional 7,922 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

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.