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 research report report published on Tuesday.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC upped their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Oppenheimer assumed coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Northland Securities lifted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $98.33.

Bel Fuse Price Performance

BELFB stock opened at $80.91 on Tuesday. The company has a fifty day simple moving average of $81.18 and a two-hundred day simple moving average of $75.43. Bel Fuse has a 52 week low of $45.74 and a 52 week high of $92.61. 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 $1.02 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30.

Insider Activity at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the vice president now 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 disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently modified their holdings of BELFB. nVerses Capital LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth $39,000. BNP Paribas Financial Markets grew its holdings in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC purchased a new position in Bel Fuse during the 3rd quarter valued at about $200,000. One Wealth Advisors LLC bought a new stake in shares of Bel Fuse in the 3rd quarter valued at about $227,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $288,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

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.