Bel Fuse (NASDAQ:BELFB) Raised to “Buy” at StockNews.com

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

A number of other research firms also recently weighed in on BELFB. Northland Securities assumed coverage on shares of Bel Fuse in a research note on Thursday, January 11th. They set an “outperform” rating and a $83.00 price target on the stock. Needham & Company LLC cut their price target on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd.

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded down $2.87 on Friday, reaching $57.91. 276,978 shares of the stock were exchanged, compared to its average volume of 120,533. Bel Fuse has a 1-year low of $35.78 and a 1-year high of $74.75. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $58.10 and a two-hundred day moving average price of $58.62. The firm has a market capitalization of $738.93 million, a PE ratio of 9.93 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. As a group, research analysts anticipate that Bel Fuse will post 4.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the sale, the director now owns 7,392 shares of the company’s stock, valued at approximately $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BELFB. AE Wealth Management LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $212,000. SG Americas Securities LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $214,000. Pinnacle Associates Ltd. boosted its holdings in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bel Fuse in the 3rd quarter valued at about $100,000. Finally, Strs Ohio boosted its holdings in shares of Bel Fuse by 757.1% in the 3rd quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock valued at $286,000 after buying an additional 5,300 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.