Bel Fuse (NASDAQ:BELFB) Rating Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of Bel Fuse (NASDAQ:BELFB) from a strong-buy rating to a buy rating in a research report report published on Wednesday.

Several other brokerages have also commented on BELFB. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. Northland Securities upped their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Needham & Company LLC increased their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bel Fuse has a consensus rating of “Buy” and an average price target of $98.33.

Bel Fuse Stock Up 0.3 %

NASDAQ BELFB opened at $83.25 on Wednesday. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $92.61. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.97 and a beta of 1.30. The stock’s 50 day moving average is $81.91 and its two-hundred day moving average is $75.94. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.

Insiders Place Their Bets

In other news, insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Creative Planning acquired a new position in shares of Bel Fuse in the 2nd quarter valued at $344,000. SG Americas Securities LLC acquired a new position in Bel Fuse in the third quarter valued at about $200,000. Inspire Investing LLC bought a new position in Bel Fuse during the third quarter worth about $833,000. One Wealth Advisors LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth about $227,000. Finally, nVerses Capital LLC bought a new stake in shares of Bel Fuse in the 3rd quarter valued at about $39,000. 58.39% of the stock is owned by institutional investors.

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.