Bel Fuse (NASDAQ:BELFB) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of Bel Fuse (NASDAQ:BELFB – Get Rating) in a research note issued on Thursday. The firm set a “strong-buy” rating on the electronics maker’s stock.

Separately, Needham & Company LLC lifted their target price on Bel Fuse from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.

Bel Fuse Trading Down 3.8 %

NASDAQ BELFB opened at $32.52 on Thursday. The stock has a market capitalization of $405.85 million, a price-to-earnings ratio of 7.67 and a beta of 1.69. Bel Fuse has a one year low of $14.84 and a one year high of $42.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.80 and a quick ratio of 1.53. The business’s fifty day moving average is $36.68 and its 200-day moving average is $32.95.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFB. Beach Investment Counsel Inc. PA purchased a new position in Bel Fuse during the 4th quarter valued at about $216,000. State of Wyoming purchased a new position in Bel Fuse during the 4th quarter valued at about $118,000. Jane Street Group LLC purchased a new position in Bel Fuse during the 4th quarter valued at about $396,000. Lazard Asset Management LLC grew its holdings in Bel Fuse by 14.5% during the 4th quarter. Lazard Asset Management LLC now owns 2,828 shares of the electronics maker’s stock valued at $93,000 after buying an additional 358 shares in the last quarter. Finally, Stokes Family Office LLC purchased a new position in Bel Fuse during the 4th quarter valued at about $213,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Bel Fuse Company Profile

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Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.