Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

Bel Fuse (NASDAQ:BELFB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently commented on BELFB. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Needham & Company LLC upped their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $100.00.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $86.07 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.71 and a debt-to-equity ratio of 0.80. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61. The business’s 50 day moving average is $81.82 and its two-hundred day moving average is $77.34. The company has a market capitalization of $1.08 billion, a P/E ratio of 26.32, a P/E/G ratio of 0.96 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter last year, the business earned $1.29 EPS. Analysts expect that Bel Fuse will post 5.65 EPS for the current fiscal year.

Insider Activity

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 transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after purchasing an additional 12,192 shares during the period. Victory Capital Management Inc. increased its stake in Bel Fuse by 26.5% during the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after buying an additional 8,442 shares during the period. Hodges Capital Management Inc. lifted its holdings in Bel Fuse by 38.1% during the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after buying an additional 28,860 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after buying an additional 6,250 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Bel Fuse by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after buying an additional 2,793 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.