Koss Olinger Consulting LLC Sells 600 Shares of Bel Fuse Inc. $BELFB

Koss Olinger Consulting LLC lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,932 shares of the electronics maker’s stock after selling 600 shares during the quarter. Koss Olinger Consulting LLC owned about 0.06% of Bel Fuse worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BELFB. Makaira Partners LLC bought a new position in shares of Bel Fuse in the first quarter worth about $18,415,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Bel Fuse during the first quarter worth about $4,280,000. Tema Etfs LLC grew its position in shares of Bel Fuse by 351.3% during the first quarter. Tema Etfs LLC now owns 38,417 shares of the electronics maker’s stock worth $2,876,000 after purchasing an additional 29,905 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Bel Fuse during the first quarter worth about $2,229,000. Finally, Nuveen LLC purchased a new position in Bel Fuse during the 1st quarter valued at approximately $2,069,000. Institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BELFB shares. Robert W. Baird raised their price target on Bel Fuse from $154.00 to $162.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Northland Securities boosted their target price on Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, June 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Oppenheimer boosted their target price on Bel Fuse from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $138.40.

Bel Fuse Price Performance

Shares of BELFB stock opened at $155.89 on Tuesday. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $159.75. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of 1.91 and a beta of 1.55. The stock has a fifty day simple moving average of $142.80 and a two-hundred day simple moving average of $109.17. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Insider Buying and Selling at Bel Fuse

In other news, insider Stephen Dawson sold 1,200 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the transaction, the insider directly owned 14,265 shares of the company’s stock, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the transaction, the vice president directly owned 10,255 shares of the company’s stock, valued at approximately $1,312,640. The trade was a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.