Bel Fuse (NASDAQ:BELFB) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a report released on Monday morning.

A number of other brokerages have also issued reports on BELFB. Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $170.00 target price on Bel Fuse in a research report on Friday, October 31st. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Northland Securities set a $188.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Bel Fuse has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Bel Fuse Price Performance

Bel Fuse stock opened at $215.59 on Monday. Bel Fuse has a 12-month low of $57.99 and a 12-month high of $216.09. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $179.95 and a 200-day moving average price of $154.16. The firm has a market capitalization of $2.73 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.14 and a beta of 1.55.

Insider Transactions at Bel Fuse

In other news, 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 sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the transaction, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

A number of institutional investors have recently modified their holdings of BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after acquiring an additional 240 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Bel Fuse by 3.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker’s stock worth $377,000 after purchasing an additional 113 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Bel Fuse during the second quarter worth $50,000. KLP Kapitalforvaltning AS lifted its holdings in shares of Bel Fuse by 33.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker’s stock valued at $234,000 after purchasing an additional 600 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Bel Fuse during the 2nd quarter valued at $728,000. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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.