SG Americas Securities LLC Takes Position in 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 its most recent 13F 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 recently made changes to their positions in BELFB. Thrivent Financial for Lutherans grew 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 valued at $10,927,000 after purchasing an additional 123,092 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture purchased a new position in Bel Fuse in the first quarter worth $3,619,000. Isthmus Partners LLC purchased a new position in Bel Fuse in the second quarter worth $39,000. Hodges Capital Management Inc. purchased a new position in Bel Fuse in the second quarter worth $3,346,000. Finally, Roubaix Capital LLC purchased a new position in Bel Fuse in the first quarter worth $2,803,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BELFB has been the subject of several research reports. Needham & Company LLC upped 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 upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $81.22 on Wednesday. The company has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $67.55. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a 12-month low of $39.13 and a 12-month high of $85.91. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.67 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $130.27 million. During the same period in the prior year, the business posted $1.95 earnings per share. On average, equities analysts forecast that Bel Fuse Inc. will post 4.52 EPS for the current year.

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.