Janney Montgomery Scott LLC Sells 807 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Janney Montgomery Scott LLC lessened its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,252 shares of the electronics maker’s stock after selling 807 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.32% of Bel Fuse worth $3,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter valued at $39,000. Truvestments Capital LLC lifted its holdings in shares of Bel Fuse by 11.8% during the 3rd quarter. Truvestments Capital LLC now owns 9,409 shares of the electronics maker’s stock valued at $739,000 after purchasing an additional 990 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of Bel Fuse by 5.3% in the 3rd quarter. Martingale Asset Management L P now owns 19,951 shares of the electronics maker’s stock worth $1,566,000 after purchasing an additional 999 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after buying an additional 1,146 shares during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BELFB shares. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC raised their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and an average target price of $98.33.

Insider Transactions at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the business’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 transaction, the insider now directly owns 14,832 shares in the company, valued at approximately $1,151,704.80. The trade was 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.

Bel Fuse Stock Down 2.1 %

BELFB opened at $81.10 on Friday. The company has a market cap 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. Bel Fuse Inc. has a twelve month low of $45.74 and a twelve month high of $92.61. The company has a 50-day moving average price of $82.06 and a 200 day moving average price of $76.07. 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 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.