StockNews.com Downgrades Bel Fuse (NASDAQ:BELFB) to Buy

Bel Fuse (NASDAQ:BELFBGet Free Report) 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.

Several other equities research analysts have also recently commented on the stock. Oppenheimer assumed coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC lifted their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Northland Securities increased their price target on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $98.33.

Get Our Latest Stock Report on Bel Fuse

Bel Fuse Trading Up 2.6 %

Shares of BELFB opened at $83.00 on Wednesday. The stock’s fifty day simple moving average is $81.75 and its 200-day simple moving average is $75.89. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.04 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61.

Insider Buying and Selling 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 stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the business’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 $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position 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 acquiring an additional 6,250 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Bel Fuse by 11.1% during the third quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after purchasing an additional 25,607 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Bel Fuse by 7.2% in the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock valued at $14,093,000 after purchasing an additional 12,007 shares in the last quarter. Portolan Capital Management LLC increased its stake in Bel Fuse by 122.8% in the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock valued at $9,489,000 after buying an additional 66,621 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after buying an additional 15,296 shares in the last quarter. 58.39% of the stock is owned by institutional investors.

About Bel Fuse

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.