Bel Fuse Inc. $BELFA Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 13.3% in the 4th quarter, HoldingsChannel reports. The firm owned 65,638 shares of the scientific and technical instruments company’s stock after selling 10,100 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Bel Fuse were worth $9,964,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BELFA. BNP Paribas Financial Markets raised its position in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares during the last quarter. Rhumbline Advisers raised its stake in Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after purchasing an additional 767 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Bel Fuse by 186.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock valued at $190,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Bel Fuse in the 4th quarter valued at about $264,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BELFA shares. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $250.00.

Bel Fuse Trading Up 1.6%

Shares of BELFA opened at $234.49 on Tuesday. Bel Fuse Inc. has a fifty-two week low of $62.78 and a fifty-two week high of $276.20. The stock has a fifty day moving average of $215.69 and a two-hundred day moving average of $183.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The company has a market capitalization of $2.98 billion, a PE ratio of 56.50 and a beta of 1.42.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%. The company had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Insider Transactions at Bel Fuse

In other news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.75% of the company’s stock.

Bel Fuse Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.