Ashton Thomas Private Wealth LLC Invests $492,000 in Bel Fuse Inc. $BELFB

Ashton Thomas Private Wealth LLC acquired a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,492 shares of the electronics maker’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after buying an additional 240 shares during the period. Janney Montgomery Scott LLC increased its position in Bel Fuse by 3.0% during the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker’s stock worth $377,000 after acquiring an additional 113 shares during the period. Ameritas Advisory Services LLC acquired a new position in Bel Fuse during the 2nd quarter valued at $50,000. KLP Kapitalforvaltning AS boosted its holdings in Bel Fuse by 33.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker’s stock valued at $234,000 after purchasing an additional 600 shares during the period. Finally, TrueMark Investments LLC acquired a new stake in Bel Fuse in the 2nd quarter worth $728,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $220.78 on Monday. 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 business’s fifty day moving average price is $184.89 and its two-hundred day moving average price is $157.25. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $226.45. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.55.

Analyst Ratings Changes

A number of brokerages have recently commented on BELFB. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Wall Street Zen cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Monday, February 2nd. Needham & Company LLC lifted their price objective on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Finally, Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.80.

Insider Transactions at Bel Fuse

In related news, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction dated 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 transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, the vice president directly owned 7,755 shares in the company, valued at $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,027 shares of company stock valued at $435,034 in the last quarter. 5.37% of the stock is currently owned by corporate insiders.

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.