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

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

BELFB has been the topic of several other reports. Northland Securities boosted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC upped their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Bel Fuse Stock Down 1.7 %

Shares of BELFB stock opened at $74.15 on Friday. The company has a market capitalization of $930.58 million, a price-to-earnings ratio of 17.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company’s fifty day moving average price is $75.13 and its 200-day moving average price is $68.56. Bel Fuse has a one year low of $45.74 and a one year high of $85.91.

Institutional Trading of Bel Fuse

A number of institutional investors have recently bought and sold shares of BELFB. Thrivent Financial for Lutherans lifted its holdings in Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after buying an additional 123,092 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in shares of Bel Fuse in the first quarter valued at approximately $3,619,000. Isthmus Partners LLC bought a new position in Bel Fuse in the second quarter worth approximately $39,000. Hodges Capital Management Inc. purchased a new position in Bel Fuse during the 2nd quarter worth $3,346,000. Finally, Roubaix Capital LLC bought a new stake in Bel Fuse during the 1st quarter valued at $2,803,000. 58.39% of the stock is currently 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.