nVerses Capital LLC Invests $39,000 in Bel Fuse Inc. (NASDAQ:BELFB)

nVerses Capital LLC purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 500 shares of the electronics maker’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse during the 2nd quarter worth $25,000. Isthmus Partners LLC acquired a new position in Bel Fuse in the second quarter worth about $39,000. Comerica Bank increased its holdings in Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Bel Fuse in the first quarter valued at about $173,000. Finally, SG Americas Securities LLC acquired a new stake in Bel Fuse during the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

NASDAQ BELFB opened at $81.22 on Wednesday. Bel Fuse Inc. has a 12 month low of $39.13 and a 12 month high of $85.91. The firm has a market capitalization of $1.02 billion, a PE ratio of 13.67 and a beta of 1.34. The company’s 50 day simple moving average is $73.14 and its 200 day simple moving average is $67.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, equities research analysts forecast that Bel Fuse Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on BELFB shares. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC increased their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Northland Securities raised their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th.

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.