SG Americas Securities LLC Has $620,000 Position in Bel Fuse Inc. $BELFB

SG Americas Securities LLC raised its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 220.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,397 shares of the electronics maker’s stock after purchasing an additional 3,024 shares during the quarter. SG Americas Securities LLC’s holdings in Bel Fuse were worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BELFB. Ameritas Advisory Services LLC acquired a new position in shares of Bel Fuse during the second quarter valued at about $50,000. BNP Paribas Financial Markets lifted its position in Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after acquiring an additional 375 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after purchasing an additional 845 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after purchasing an additional 100 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Bel Fuse during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Insider Activity

In related news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the sale, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joseph Berry sold 408 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the transaction, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,027 shares of company stock worth $435,034. Insiders own 5.37% of the company’s stock.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $200.29 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.56. The company’s 50-day moving average is $170.99 and its 200 day moving average is $148.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $205.99.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Robert W. Baird set a $170.00 target price on shares of Bel Fuse in a research note on Friday, October 31st. Needham & Company LLC raised their price target on shares of Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Bel Fuse has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Bel Fuse Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.