Tectonic Advisors LLC Buys 830 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Tectonic Advisors LLC grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,572 shares of the electronics maker’s stock after buying an additional 830 shares during the period. Tectonic Advisors LLC owned 0.15% of Bel Fuse worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BELFB. nVerses Capital LLC purchased a new stake in Bel Fuse during the third quarter worth $39,000. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC acquired a new stake in Bel Fuse during the third quarter worth about $200,000. One Wealth Advisors LLC acquired a new stake in Bel Fuse during the third quarter worth about $227,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse during the third quarter worth about $288,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $80.25 on Wednesday. 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 business has a 50 day moving average of $82.02 and a two-hundred day moving average of $76.31. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $92.61. The company has a market cap of $1.01 billion, a P/E ratio of 18.41, a PEG ratio of 0.96 and a beta of 1.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 29th. Oppenheimer assumed coverage on Bel Fuse in a research report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Needham & Company LLC lifted their target price on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $98.33.

Insider Transactions at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now directly owns 14,832 shares in the company, valued at $1,151,704.80. This trade 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 hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

About Bel Fuse

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.