Bel Fuse (NASDAQ:BELFB) Rating Lowered to Buy at Wall Street Zen

Bel Fuse (NASDAQ:BELFB) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Northland Securities set a $188.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Finally, Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and a consensus target price of $173.00.

Bel Fuse Stock Up 1.8%

NASDAQ:BELFB opened at $200.11 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. The firm’s 50-day moving average price is $167.31 and its 200-day moving average price is $145.43. The company has a market capitalization of $2.53 billion, a PE ratio of 38.48, a P/E/G ratio of 2.09 and a beta of 1.56. Bel Fuse has a 1-year low of $57.99 and a 1-year high of $202.49.

Insider Buying and Selling at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,936 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the sale, the vice president directly owned 8,319 shares in the company, valued at $1,199,849.37. The trade was a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Berry sold 408 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,027 shares of company stock valued at $435,034 in the last quarter. 5.37% of the stock is currently owned by company insiders.

Institutional Trading of Bel Fuse

A number of hedge funds have recently added to or reduced their stakes in BELFB. Arrowstreet Capital Limited Partnership acquired a new stake in Bel Fuse in the 3rd quarter valued at $14,537,000. Thrivent Financial for Lutherans raised its stake in shares of Bel Fuse by 66.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after purchasing an additional 98,178 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Bel Fuse by 28.3% during the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after buying an additional 71,895 shares during the last quarter. Wasatch Advisors LP lifted its stake in Bel Fuse by 33.6% during the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after purchasing an additional 71,390 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its holdings in shares of Bel Fuse by 97.9% in the 3rd quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after buying an additional 61,240 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.