Navellier & Associates Inc. Acquires Shares of 3,308 Bel Fuse Inc. $BELFB

Navellier & Associates Inc. bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,308 shares of the electronics maker’s stock, valued at approximately $466,000.

A number of other institutional investors have also made changes to their positions in the business. XTX Topco Ltd bought a new position in Bel Fuse during the second quarter worth $358,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bel Fuse during the 3rd quarter worth about $492,000. Inspire Investing LLC acquired a new stake in shares of Bel Fuse during the 3rd quarter worth about $990,000. Sierra Summit Advisors LLC bought a new stake in shares of Bel Fuse during the 2nd quarter worth about $906,000. Finally, Boston Partners grew its stake in Bel Fuse by 34.8% in the 2nd quarter. Boston Partners now owns 51,307 shares of the electronics maker’s stock valued at $5,012,000 after buying an additional 13,234 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the transaction, the vice president owned 8,319 shares in the company, valued at $1,199,849.37. This trade represents a 18.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the sale, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,027 shares of company stock valued at $435,034 in the last ninety days. 5.37% of the stock is currently owned by insiders.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $238.40 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. Bel Fuse Inc. has a one year low of $57.99 and a one year high of $244.76. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 2.52 and a beta of 1.56. The firm has a 50 day simple moving average of $189.47 and a 200 day simple moving average of $159.53.

Analyst Ratings Changes

BELFB has been the subject of several research reports. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Northland Securities set a $247.00 target price on Bel Fuse in a research note on Tuesday, February 3rd. Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Robert W. Baird set a $170.00 price objective on Bel Fuse in a report on Friday, October 31st. Finally, Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.80.

Bel Fuse Company Profile

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.