Bel Fuse Inc. (NASDAQ:BELFB) Shares Bought by Empowered Funds LLC

Empowered Funds LLC increased its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,506 shares of the electronics maker’s stock after purchasing an additional 523 shares during the period. Empowered Funds LLC owned 0.09% of Bel Fuse worth $949,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $39,000. BNP Paribas Financial Markets grew its stake 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 worth $172,000 after buying an additional 200 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bel Fuse in the third quarter worth $200,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Bel Fuse in the 3rd quarter valued at $288,000. Finally, Summit Global Investments acquired a new position in shares of Bel Fuse during the 3rd quarter valued at $479,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BELFB has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a report on Monday, November 18th. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and an average target price of $98.33.

Bel Fuse Stock Down 0.7 %

Shares of BELFB stock opened at $82.32 on Tuesday. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The business’s fifty day moving average is $81.87 and its 200-day moving average is $76.96. The stock has a market cap of $1.03 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.

Insider Activity

In related news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the insider now owns 14,832 shares of the company’s stock, valued at $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 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.