Shares of Bel Fuse Inc. (NASDAQ:BELFB – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.71 and traded as high as $37.33. Bel Fuse shares last traded at $37.22, with a volume of 29,842 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BELFB. StockNews.com upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 16th. Needham & Company LLC raised their price target on Bel Fuse from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Finally, TheStreet upgraded Bel Fuse from a “c+” rating to a “b” rating in a research note on Tuesday, August 23rd.
Bel Fuse Price Performance
The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $30.37 and a 200 day moving average price of $23.71. The company has a market capitalization of $464.51 million, a P/E ratio of 9.87 and a beta of 1.60.
Bel Fuse Announces Dividend
Insider Buying and Selling
In related news, CEO Daniel Bernstein sold 3,000 shares of Bel Fuse stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $36.13, for a total transaction of $108,390.00. Following the completion of the sale, the chief executive officer now directly owns 17,075 shares of the company’s stock, valued at approximately $616,919.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Bel Fuse
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in shares of Bel Fuse by 1,481.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock worth $32,000 after buying an additional 1,719 shares in the last quarter. UBS Group AG raised its holdings in shares of Bel Fuse by 105.1% during the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after buying an additional 1,052 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Bel Fuse during the 3rd quarter worth $40,000. Dorsey Wright & Associates acquired a new position in shares of Bel Fuse during the 2nd quarter worth $41,000. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Bel Fuse by 704.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock worth $65,000 after buying an additional 3,169 shares in the last quarter. 49.71% of the stock is owned by institutional investors and hedge funds.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
- Get a free copy of the StockNews.com research report on Bel Fuse (BELFB)
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