Bel Fuse (NASDAQ:BELFB) Cut to “Hold” at StockNews.com

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

Other analysts have also issued reports about the company. Needham & Company LLC boosted their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer began coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $100.00.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB traded up $2.98 during mid-day trading on Thursday, reaching $84.51. 124,720 shares of the company’s stock were exchanged, compared to its average volume of 87,279. The firm has a 50-day moving average price of $81.81 and a two-hundred day moving average price of $77.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.41% and a net margin of 7.66%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. During the same period in the prior year, the firm posted $1.29 EPS. Analysts predict that Bel Fuse will post 5.65 EPS for the current year.

Insider Transactions at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 8,023 shares in the company, valued at $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new stake in Bel Fuse during the 4th quarter valued at $517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bel Fuse by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker’s stock worth $1,670,000 after purchasing an additional 4,204 shares during the period. Tema Etfs LLC bought a new stake in shares of Bel Fuse in the fourth quarter worth about $702,000. Potrero Capital Research LLC grew its stake in shares of Bel Fuse by 107.1% in the fourth quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock worth $12,039,000 after purchasing an additional 75,483 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at approximately $240,000. 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.