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

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

A number of other equities analysts have also recently weighed in on the stock. Oppenheimer assumed coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Needham & Company LLC increased their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Northland Securities raised their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $98.33.

Bel Fuse Price Performance

Bel Fuse stock opened at $82.87 on Wednesday. The firm has a fifty day moving average of $81.91 and a 200-day moving average of $75.94. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $92.61. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.04 billion, a P/E ratio of 19.01, a PEG ratio of 0.97 and a beta of 1.30.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

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

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.