Bel Fuse (NASDAQ:BELFB) Upgraded at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a report issued on Friday morning.

Several other research firms have also recently issued reports on BELFB. Northland Securities raised their target price on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC lifted their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Bel Fuse Price Performance

BELFB stock opened at $78.54 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The firm has a market cap of $991.17 million, a P/E ratio of 13.22 and a beta of 1.34. The firm’s fifty day moving average is $74.03 and its 200 day moving average is $67.93. Bel Fuse has a 52 week low of $43.60 and a 52 week high of $85.91.

Hedge Funds Weigh In On Bel Fuse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its position in shares of Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after purchasing an additional 123,092 shares during the period. Paragon Associates & Paragon Associates II Joint Venture bought a new position in Bel Fuse in the 1st quarter worth $3,619,000. Isthmus Partners LLC bought a new position in Bel Fuse in the 2nd quarter worth $39,000. Hodges Capital Management Inc. purchased a new stake in Bel Fuse in the 2nd quarter worth $3,346,000. Finally, Roubaix Capital LLC bought a new stake in Bel Fuse during the first quarter valued at about $2,803,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

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.