Bel Fuse (NASDAQ:BELFB) Rating Increased to Buy at StockNews.com

Bel Fuse (NASDAQ:BELFB) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

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

Bel Fuse Stock Down 4.7 %

Shares of NASDAQ:BELFB opened at $57.91 on Friday. The company has a market capitalization of $738.93 million, a PE ratio of 9.75 and a beta of 1.45. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. Bel Fuse has a twelve month low of $35.78 and a twelve month high of $74.75. The firm has a 50 day simple moving average of $58.10 and a 200-day simple moving average of $58.68.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). The company had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. Bel Fuse had a return on equity of 24.03% and a net margin of 12.62%. On average, equities analysts predict that Bel Fuse will post 4.7 EPS for the current fiscal year.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 7,392 shares in the company, valued at approximately $419,126.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently bought and sold shares of the company. AE Wealth Management LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth $212,000. SG Americas Securities LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth $214,000. Pinnacle Associates Ltd. grew its stake in shares of Bel Fuse by 0.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 37,035 shares of the electronics maker’s stock worth $1,767,000 after purchasing an additional 250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Bel Fuse during the 3rd quarter worth $100,000. Finally, Strs Ohio grew its stake in shares of Bel Fuse by 757.1% during the 3rd 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. Hedge funds and other 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.