Bel Fuse (NASDAQ:BELFB) Downgraded by StockNews.com

StockNews.com downgraded shares of Bel Fuse (NASDAQ:BELFBFree Report) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

A number of other equities research analysts have also issued reports on the stock. Northland Securities began coverage on shares of Bel Fuse in a report on Thursday, January 11th. They set an outperform rating and a $83.00 target price for the company. Needham & Company LLC upped their target price on shares of Bel Fuse from $70.00 to $77.00 and gave the stock a buy rating in a report on Monday, January 29th.

Read Our Latest Stock Analysis on BELFB

Bel Fuse Stock Performance

BELFB opened at $67.81 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.08 and a quick ratio of 1.90. The firm has a fifty day moving average price of $62.81 and a 200 day moving average price of $54.40. Bel Fuse has a 1 year low of $30.11 and a 1 year high of $69.57. The stock has a market cap of $866.61 million, a P/E ratio of 11.30 and a beta of 1.51.

Insider Transactions at Bel Fuse

In other news, CEO Daniel Bernstein sold 3,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $56.05, for a total transaction of $168,150.00. Following the sale, the chief executive officer now owns 19,759 shares of the company’s stock, valued at $1,107,491.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bel Fuse news, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $55.63, for a total transaction of $139,075.00. Following the sale, the vice president now owns 7,500 shares of the company’s stock, valued at $417,225. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $56.05, for a total transaction of $168,150.00. Following the sale, the chief executive officer now directly owns 19,759 shares in the company, valued at approximately $1,107,491.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $403,285. 5.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently modified their holdings of the business. Covestor Ltd increased its stake in Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock valued at $48,000 after buying an additional 212 shares during the period. Pinnacle Associates Ltd. increased its stake in Bel Fuse by 0.7% in the 3rd quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock valued at $1,767,000 after buying an additional 250 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Bel Fuse by 0.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 42,472 shares of the electronics maker’s stock valued at $1,596,000 after buying an additional 257 shares during the period. Lazard Asset Management LLC increased its stake in Bel Fuse by 14.5% in the 4th quarter. Lazard Asset Management LLC now owns 2,828 shares of the electronics maker’s stock valued at $93,000 after buying an additional 358 shares during the period. Finally, PFG Advisors increased its stake in Bel Fuse by 9.8% in the 3rd quarter. PFG Advisors now owns 5,210 shares of the electronics maker’s stock valued at $249,000 after buying an additional 467 shares during the period. 56.70% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

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Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.

Further Reading

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