Bel Fuse (NASDAQ:BELFB) Rating Lowered to “Hold” at Wall Street Zen

Bel Fuse (NASDAQ:BELFB) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other equities analysts have also weighed in on the stock. Needham & Company LLC increased their price target on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Northland Securities set a $266.00 price target on Bel Fuse in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.20.

Bel Fuse Trading Up 2.2%

BELFB opened at $209.52 on Monday. The business’s 50-day simple moving average is $211.16 and its 200-day simple moving average is $174.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The company has a market cap of $2.65 billion, a P/E ratio of 42.67, a PEG ratio of 2.08 and a beta of 1.52. Bel Fuse has a one year low of $57.99 and a one year high of $248.61.

Insider Buying and Selling

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Several hedge funds have recently bought and sold shares of BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Bel Fuse by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after acquiring an additional 240 shares during the period. ProShare Advisors LLC acquired a new position in Bel Fuse during the 2nd quarter worth $208,000. Geode Capital Management LLC grew its stake in shares of Bel Fuse by 2.6% in the second quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock worth $31,451,000 after purchasing an additional 8,243 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Bel Fuse by 17.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,437 shares of the electronics maker’s stock worth $238,000 after purchasing an additional 358 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Bel Fuse by 4.8% during the second quarter. Creative Planning now owns 11,267 shares of the electronics maker’s stock valued at $1,101,000 after purchasing an additional 513 shares during the period. 58.39% of the stock is currently owned by institutional investors.

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.