Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by StockNews.com

Bel Fuse (NASDAQ:BELFB) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently weighed in on BELFB. Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Thursday. Needham & Company LLC decreased their target price on Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, April 29th.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $58.04 on Friday. The business’s 50 day moving average price is $57.67 and its 200 day moving average price is $59.23. The company has a market cap of $740.59 million, a price-to-earnings ratio of 9.77 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. Bel Fuse has a one year low of $39.13 and a one year high of $74.75.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). The firm had revenue of $140.01 million during the quarter, compared to analyst estimates of $152.86 million. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. On average, research analysts predict that Bel Fuse will post 4.39 EPS for the current year.

Insider Activity

In other news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Bel Fuse by 4.8% during the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock worth $32,293,000 after acquiring an additional 30,752 shares during the period. LSV Asset Management grew its stake in shares of Bel Fuse by 15.8% during the 4th quarter. LSV Asset Management now owns 249,900 shares of the electronics maker’s stock worth $16,686,000 after purchasing an additional 34,100 shares during the period. GW&K Investment Management LLC purchased a new position in shares of Bel Fuse in the 4th quarter valued at about $12,537,000. Loomis Sayles & Co. L P purchased a new stake in Bel Fuse during the third quarter worth about $8,377,000. Finally, American Century Companies Inc. grew its position in Bel Fuse by 29.8% during the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock worth $8,109,000 after buying an additional 39,046 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.