Bel Fuse (NASDAQ:BELFB) Rating Lowered to Buy at StockNews.com

Bel Fuse (NASDAQ:BELFB) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently weighed in on BELFB. Northland Securities upped their target price on 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 increased their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Oppenheimer began coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target of $98.33.

Bel Fuse Price Performance

BELFB stock opened at $83.00 on Wednesday. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. The firm has a 50-day moving average of $81.75 and a two-hundred day moving average of $75.89. The firm has a market capitalization of $1.04 billion, a PE ratio of 19.04, a P/E/G ratio of 0.97 and a beta of 1.30. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.

Insider Transactions at Bel Fuse

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Bel Fuse during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets grew its holdings in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at $200,000. One Wealth Advisors LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at $227,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Bel Fuse in the third quarter valued at about $288,000. 58.39% of the stock is 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.