Bel Fuse (NASDAQ:BELFB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently issued reports on the company. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Northland Securities set a $188.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Needham & Company LLC upped their price target on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Robert W. Baird set a $170.00 price objective on Bel Fuse in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Bel Fuse Trading Up 2.7%

Shares of BELFB opened at $210.65 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 40.51, a PEG ratio of 2.19 and a beta of 1.56. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $211.21. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $174.57 and a two-hundred day simple moving average of $151.10.

Insider Activity

In other news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Berry sold 408 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 transaction of $58,845.84. Following the sale, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,027 shares of company stock valued at $435,034 in the last three months. Insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BELFB. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bel Fuse during the 3rd quarter valued at $14,537,000. Thrivent Financial for Lutherans grew its stake in Bel Fuse by 66.8% in the third 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. increased its position in Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after purchasing an additional 71,895 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Bel Fuse by 33.6% during the 2nd 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 in the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of Bel Fuse by 97.9% during 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 last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

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.