Bel Fuse (NASDAQ:BELFB) Downgraded by StockNews.com to "Buy"

StockNews.com downgraded shares of Bel Fuse (NASDAQ:BELFB - Free Report) from a strong-buy rating to a buy rating in a report published on Wednesday.

A number of other equities analysts also recently weighed in on the stock. Northland Securities raised their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Oppenheimer began coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $98.33.

Bel Fuse Trading Down 2.1 %

Shares of BELFB traded down $1.77 during trading hours on Wednesday, reaching $81.10. 101,579 shares of the company traded hands, compared to its average volume of 73,165. Bel Fuse has a 12 month low of $45.74 and a 12 month high of $92.61. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The company's fifty day moving average price is $82.06 and its two-hundred day moving average price is $76.10. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares in the company, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in Bel Fuse during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets raised its position in shares of Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC purchased a new position in shares of Bel Fuse during the 3rd quarter valued at $200,000. One Wealth Advisors LLC bought a new position in Bel Fuse in the 3rd quarter worth $227,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Bel Fuse in the 3rd quarter worth $288,000. Institutional investors own 58.39% of the company's stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.