StockNews.com Downgrades Bel Fuse (NASDAQ:BELFB) to Hold

Bel Fuse (NASDAQ:BELFB) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

BELFB has been the subject of a number of other research reports. Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Thursday. Needham & Company LLC reduced their price objective on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $58.04 on Friday. The stock has a market capitalization of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The business’s fifty day moving average price is $57.67 and its two-hundred day moving average price is $59.23. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $74.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results 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). The firm had revenue of $140.01 million for the quarter, compared to analyst estimates of $152.86 million. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. As a group, analysts predict that Bel Fuse will post 4.39 EPS for the current fiscal year.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now owns 7,392 shares in the company, valued at $419,126.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Bel Fuse in the fourth quarter valued at about $6,041,000. Swiss National Bank bought a new position in Bel Fuse during the 3rd quarter worth approximately $1,117,000. Toronto Dominion Bank acquired a new position in Bel Fuse during the third quarter valued at approximately $48,000. Gotham Asset Management LLC bought a new stake in Bel Fuse in the third quarter valued at approximately $412,000. Finally, Strs Ohio raised its holdings in Bel Fuse by 757.1% in the third quarter. Strs Ohio now owns 6,000 shares of the electronics maker’s stock worth $286,000 after purchasing an additional 5,300 shares during the period. Institutional investors and hedge funds 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.