Hsbc Holdings PLC Takes Position in Bel Fuse Inc. $BELFB

Hsbc Holdings PLC bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,528 shares of the electronics maker’s stock, valued at approximately $493,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 117 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Bel Fuse during the 4th quarter worth approximately $33,000. Erste Asset Management GmbH purchased a new position in shares of Bel Fuse in the 4th quarter valued at approximately $83,000. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of Bel Fuse by 195.0% in the fourth quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $271.97 on Friday. The company has a current ratio of 4.48, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $280.31 and a 200-day simple moving average of $246.57. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 65.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.68. Bel Fuse Inc. has a 12-month low of $123.14 and a 12-month high of $335.29.

Analyst Upgrades and Downgrades

BELFB has been the subject of several analyst reports. B. Riley Financial initiated coverage on Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating for the company. Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a research report on Friday, May 1st. Zacks Research cut shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bel Fuse has an average rating of “Moderate Buy” and an average price target of $324.00.

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.