SG Americas Securities LLC Purchases Shares of 2,547 Bel Fuse Inc. (NASDAQ:BELFB)

SG Americas Securities LLC purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,547 shares of the electronics maker’s stock, valued at approximately $200,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in shares of Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after buying an additional 123,092 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture bought a new position in shares of Bel Fuse during the 1st quarter worth approximately $3,619,000. Isthmus Partners LLC bought a new position in shares of Bel Fuse during the 2nd quarter worth approximately $39,000. Hodges Capital Management Inc. bought a new position in shares of Bel Fuse during the 2nd quarter worth approximately $3,346,000. Finally, Roubaix Capital LLC bought a new position in shares of Bel Fuse during the 1st quarter worth approximately $2,803,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Trading Down 2.8 %

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

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. During the same quarter in the previous year, the firm posted $1.95 EPS. Sell-side analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BELFB shares. Needham & Company LLC lifted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. StockNews.com raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Northland Securities lifted their price target 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.

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.