StockNews.com Upgrades Bel Fuse (NASDAQ:BELFB) to Strong-Buy

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

BELFB has been the subject of several other research reports. Needham & Company LLC raised their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer started coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $98.33.

Bel Fuse Trading Up 3.1 %

NASDAQ BELFB traded up $2.44 during trading hours on Tuesday, reaching $82.43. The company had a trading volume of 96,468 shares, compared to its average volume of 69,956. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The stock has a 50-day moving average of $81.01 and a 200 day moving average of $75.25. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $92.61.

Insider Buying and Selling

In related news, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Joseph Francis Berry sold 1,000 shares of the 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 completion of the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. The trade was a 11.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans raised its stake in shares of Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after buying an additional 123,092 shares during the last quarter. III Capital Management purchased a new position in Bel Fuse during the 2nd quarter valued at about $391,000. Creative Planning acquired a new position in Bel Fuse during the second quarter worth about $344,000. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse in the third quarter valued at about $200,000. Finally, Inspire Investing LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $833,000. 58.39% of the stock is owned by hedge funds and other 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.