Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

Bel Fuse (NASDAQ:BELFB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

BELFB has been the topic of a number of other research reports. Needham & Company LLC decreased their target price on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Northland Securities began coverage on shares of Bel Fuse in a research report on Thursday, January 11th. They set an “outperform” rating and a $83.00 target price on the stock.

Bel Fuse Trading Up 0.1 %

Shares of Bel Fuse stock opened at $59.02 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. The firm has a 50-day moving average of $60.77 and a 200-day moving average of $57.77. Bel Fuse has a 52-week low of $30.11 and a 52-week high of $74.75. The stock has a market cap of $753.10 million, a PE ratio of 10.12 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data 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 net margin of 11.54% and a return on equity of 24.87%. The business had revenue of $140.01 million during the quarter, compared to the consensus estimate of $152.86 million. As a group, sell-side analysts forecast that Bel Fuse will post 4.7 EPS for the current year.

Insider Buying and Selling

In related news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $419,126.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of Bel Fuse by 4.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 200 shares during the last quarter. Covestor Ltd raised its stake in shares of Bel Fuse by 26.5% during the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 212 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Bel Fuse by 0.7% during the third quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock valued at $1,767,000 after acquiring an additional 250 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Bel Fuse by 0.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 42,472 shares of the electronics maker’s stock valued at $1,596,000 after acquiring an additional 257 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Bel Fuse by 2.3% during the fourth quarter. Legal & General Group Plc now owns 11,568 shares of the electronics maker’s stock valued at $772,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

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.